EXHIBIT A
A consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of the claimant and its subsidiary companies as of the close of such calendar year.
Company		Pages
FPL Group, Inc. and Subsidiaries	1 - 2
Florida Power & Light Company and Subsidiaries	3 - 4
FPL Group Capital Inc and Subsidiaries	5 - 10
Alandco Inc. and Subsidiaries	11 - 12
FPL Energy Services, Inc. and Subsidiaries	13 - 14
HJT & LCR Holdings and Subsidiaries	15 - 16
FPL Energy, LLC and Subsidiaries	17 - 164

FPL GROUP, INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					1
ASSETS	FPL Group, Inc.	Florida Power & Light Company Consolidated	FPL Group Capital Inc Consolidated	Adjusting & Elim. Entries	FPL Group, Inc. Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$19,864	$3,800	$0	$23,664
Nuclear fuel - net	0	140	62	0	202
Construction work in progress	0	757	1,883	0	2,640
Less accumulated depr. & amort.	0	(11,842)	(360)	0	(12,202)
Total prop., plant and eqpt.-net	0	8,919	5,385	0	14,304
CURRENT ASSETS
Cash and cash equivalents	5	0	261	0	266
Customer receivables - net	0	503	138	1	642
Other receivables	460	125	130	(492)	223
Mat'ls., supplies & fossil fuel inv.	0	349	99	0	448
Deferred clause expenses	0	131	0	0	131
Other	0	57	141	0	198
Total current assets	465	1,165	769	(491)	1,908
OTHER ASSETS:
Special use funds	0	1,693	229	(1)	1,921
Other investments	6,240	9	931	(6,483)	697
Other	84	851	125	(100)	960
Total other assets	6,324	2,553	1,285	(6,584)	3,578
TOTAL ASSETS	$6,789	$12,637	$7,439	($7,075)	$19,790
CAPITALIZATION
Common shareholders' equity	$6,390	$5,382	$839	($6,221)	$6,390
Pref. stk. of FPL w/o sinking fund require.	0	226	0	0	226
Long-term debt	0	2,364	3,427	(1)	5,790
Total capitalization	6,390	7,972	4,266	(6,222)	12,406
CURRENT LIABILITIES
Commercial paper	0	722	1,100	0	1,822
Note payable	0	0	375	0	375
Current maturities of long-term debt	0	70	35	0	105
Accounts payable	0	369	88	1	458
Customers' deposits	0	316	0	0	316
Accrued interest and taxes	(11)	174	40	(34)	169
Deferred clause revenues	0	62	0	0	62
Other	29	298	737	(460)	604
Total current liabilities	18	2,011	2,375	(493)	3,911
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(5)	1,215	412	(75)	1,547
Def. regulatory credit - income taxes	0	73	0	0	73
Unamortized investment tax credits	0	120	0	0	120
Storm and property insurance reserve	0	298	0	0	298
Other	386	948	386	(285)	1,435
Total other liab. & def. credits	381	2,654	798	(360)	3,473
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$6,789	$12,637	$7,439	($7,075)	$19,790

FPL GROUP, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					2
INCOME STATEMENT	FPL Group, Inc.	Florida Power & Light Company Consolidated	FPL Group Capital Inc Consolidated	Adjusting & Elim. Entries	FPL Group, Inc. Consolidated
OPERATING REVENUES	$0	$7,378	$902	$0	$8,280
OPERATING EXPENSES
Fuel, purchased power & interchange	0	3,306	375	0	3,681
Other operations and maintenance	5	1,225	267	(5)	1,492
Restructuring and impairment charges	0	0	207	0	207
Merger-related	0	0	0	0	0
Depreciation & amortization	0	831	121	0	952
Taxes other than income taxes	0	689	31	0	720
Total operating expenses	5	6,051	1,001	(5)	7,052
OPERATING INCOME	(5)	1,327	(99)	5	1,228
OTHER INCOME (DEDUCTIONS):
Interest charges	(28)	(166)	(144)	27	(311)
Preferred stock dividends - FPL	0	(15)	0	0	(15)
Reserve for leveraged leases	0	0	(48)	0	(48)
Equity in earnings of equity method investees	0	0	76	0	76
Other-net	488	(16)	56	(519)	9
Total other deductions - net	460	(197)	(60)	(492)	(289)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	455	1,130	(159)	(487)	939
INCOME TAXES	(18)	413	(151)	0	244
INCOME BEFORE CUMMULATIVE EFFECT OF A CHANGE	473	717	(8)	(487)	695
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	(222)	0	(222)
NET INCOME	473	717	(230)	(487)	473
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3,207	705	(441)	(264)	3,207
DEDUCT:
Dividends	399	1,127	0	(1,127)	399
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$3,281	$295	($671)	$376	$3,281

FLORIDA POWER & LIGHT COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					3
ASSETS	Florida Power & Light Company	FPL Enersys, Inc.	KPB Financial Corp.	Adjusting & Elim. Entries	Florida Power & Light Company Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$19,864	$0	$0	$0	$19,864
Nuclear fuel under capital lease - net	140	0	0	0	140
Construction work in progress	757	0	0	0	757
Less accumulated depr. & amort.	(11,830)	(12)	0	0	(11,842)
Total prop., plant and eqpt.-net	8,931	(12)	0	0	8,919
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	157	346	0	0	503
Other receivables	509	72	0	(456)	125
Mat'ls., supplies & fossil fuel inv.-at avg. cost	349	0	0	0	349
Deferred clause expenses	131	0	0	0	131
Other	57	0	0	0	57
Total current assets	1,203	418	0	(456)	1,165
OTHER ASSETS:
Special use funds	1,153	540	0	0	1,693
Other investments	528	7	0	(526)	9
Other	1,613	0	0	(762)	851
Total other assets	3,294	547	0	(1,288)	2,553
TOTAL ASSETS	$13,428	$953	$0	($1,744)	$12,637
CAPITALIZATION
Common shareholders' equity	$5,382	$526	$0	($526)	$5,382
Pref. stk. of FPL w/o sinking fund require.	226	0	0	0	226
Long-term debt	2,364	0	0	0	2,364
Total capitalization	7,972	526	0	(526)	7,972
CURRENT LIABILITIES
Commercial paper	722	0	0	0	722
Note payable	0	0	0	0	0
Current maturities of long-term debt	70	0	0	0	70
Accounts payable	348	21	0	0	369
Customers' deposits	316	0	0	0	316
Accrued interest and taxes	205	0	0	(31)	174
Deferred clause revenues	62	0	0	0	62
Other	318	404	0	(424)	298
Total current liabilities	2,041	425	0	(455)	2,011
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	2,051	0	0	(836)	1,215
Def. regulatory credit - income taxes	0	0	0	73	73
Unamortized investment tax credits	120	0	0	0	120
Storm and property insurance reserve	296	2	0	0	298
Other	948	0	0	0	948
Total other liab. & def. credits	3,415	2	0	(763)	2,654
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$13,428	$953	$0	($1,744)	$12,637

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 Thousands of Dollars					4
INCOME STATEMENT	Florida Power & Light Company	FPL Enersys, Inc.	KPB Financial Corp.	Adjusting & Elim. Entries	Florida Power & Light Company Consolidated
OPERATING REVENUES	$7,378	$0	$0	$0	$7,378
OPERATING EXPENSES
Fuel, purchased power & interchange	3,306	0	0	0	3,306
Other operations and maintenance	1,231	0	0	(6)	1,225
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	831	0	0	0	831
Taxes other than income taxes	690	0	0	(1)	689
Total operating expenses	6,058	0	0	(7)	6,051
OPERATING INCOME	1,320	0	0	7	1,327
OTHER INCOME (DEDUCTIONS):
Interest charges	(166)	0	0	0	(166)
Preferred stock dividends - FPL	(15)	0	0	0	(15)
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investees	19	0	0	(19)	0
Other-net	(28)	19	0	(7)	(16)
Total other deductions - net	(190)	19	0	(26)	(197)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	1,130	19	0	(19)	1,130
INCOME TAXES	413	0	0	0	413
INCOME BEFORE CUMMULATIVE EFFECT OF A CHANGE	717	19	0	(19)	717
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	0	0	0
NET INCOME	717	19	0	(19)	717
RET. EARNINGS (DEF.) AT BEG. OF YEAR	705	0	41	(41)	705
DEDUCT:
Dividends	1,127	0	0	0	1,127
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$295	$19	$41	($60)	$295

FPL GROUP CAPITAL INC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					5
ASSETS	FPL Group Capital Inc	Alandco Inc. Consolidated	FPL Energy, LLC Consolidated	FPL Energy Services, Inc.	FPL FiberNet, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$3,529	$0	$271
Nuclear fuel under capital lease - net	0	0	62	0	0
Construction work in progress	0	0	1,876	0	7
Less accumulated depr. & amort.	0	0	(313)	0	(46)
Total prop., plant and eqpt.-net	0	0	5,154	0	232
CURRENT ASSETS
Cash and cash equivalents	220	0	37	0	(1)
Customer receivables - net	0	0	130	5	4
Other receivables	4	0	107	4	3
Mat'ls., supplies & fossil fuel inv.-at avg. cost	0	0	81	0	17
Deferred clause expenses	0	0	0	0	0
Other	3	0	128	0	1
Total current assets	227	0	483	9	24
OTHER ASSETS:
Special use funds	0	0	229	0	0
Other investments	7,357	0	404	0	0
Other	36	1	88	0	3
Total other assets	7,393	1	721	0	3
TOTAL ASSETS	$7,620	$1	$6,358	$9	$259
CAPITALIZATION
Common shareholders' equity	$839	$1	$5,103	$5	$256
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	3,080	0	347	0	0
Total capitalization	3,919	1	5,450	5	256
CURRENT LIABILITIES
Commercial paper	1,100	0	0	0	0
Note payable	375	0	0	0	0
Current maturities of long-term debt	0	0	35	0	0
Accounts payable	4	0	86	0	2
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	31	0	10	0	0
Deferred clause revenues	0	0	0	0	0
Other	457	0	265	4	8
Total current liabilities	1,967	0	396	4	10
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	38	0	256	0	(19)
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	1,696	0	256	0	12
Total other liab. & def. credits	1,734	0	512	0	(7)
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$7,620	$1	$6,358	$9	$259

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					6
INCOME STATEMENT	FPL Group Capital Inc	Alandco Inc. Consolidated	FPL Energy, LLC Consolidated	FPL Energy Services, Inc.	FPL FiberNet, LLC
OPERATING REVENUES	$0	$0	$799	$16	$73
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	363	12	0
Other operations and maintenance	9	0	212	3	31
Restructuring and impairment charges	0	0	103	0	104
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	107	0	14
Taxes other than income taxes	0	0	27	0	5
Total operating expenses	9	0	812	15	154
OPERATING INCOME	(9)	0	(13)	1	(81)
OTHER INCOME (DEDUCTIONS):
Interest charges	(88)	0	(86)	0	(7)
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investees	(200)	0	76	0	0
Other-net	(4)	0	22	0	(2)
Total other deductions - net	(292)	0	12	0	(9)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	(301)	0	(1)	1	(90)
INCOME TAXES	(71)	0	(54)	0	(35)
INCOME BEFORE CUMMULATIVE EFFECT OF A CHANGE	(230)	0	53	1	(55)
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	(222)	0	0
NET INCOME	(230)	0	(169)	1	(55)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(441)	(6)	195	(42)	23
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	1	0
RET. EARNINGS (DEF.) AT END OF YEAR	($671)	($6)	$26	($42)	($32)

FPL GROUP CAPITAL INC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					7
ASSETS	Palms Insurance Company, Ltd.	West Boca Security, Inc.	Turner Foods Corporation	FPL Holdings Inc.	HJT & LCR Holdings Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	5	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	1	8	0	0	6
Mat'ls., supplies & fossil fuel inv.-at avg. cost	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	8	0	0	0	0
Total current assets	14	8	0	0	6
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	41	314	0	0	473
Other	2	0	0	0	0
Total other assets	43	314	0	0	473
TOTAL ASSETS	$57	$322	$0	$0	$479
CAPITALIZATION
Common shareholders' equity	$14	$280	$0	$0	$479
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	14	280	0	0	479
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	3	0	0	0	0
Total current liabilities	3	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	42	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	40	0	0	0	0
Total other liab. & def. credits	40	42	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$57	$322	$0	$0	$479

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					8
INCOME STATEMENT	Palms Insurance Company, Ltd.	West Boca Security, Inc.	Turner Foods Corporation	FPL Holdings Inc.	HJT & LCR Holdings Consolidated
OPERATING REVENUES	$15	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	11	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	11	0	0	0	0
OPERATING INCOME	4	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0
Other-net	2	12	0	0	31
Total other deductions - net	2	12	0	0	31
INCOME FROM OPERATIONS BEFORE INCOME TAXES	6	12	0	0	31
INCOME TAXES	2	4	0	0	11
INCOME BEFORE CUMMULATIVE EFFECT OF A CHANGE	4	8	0	0	20
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	0	0	0
NET INCOME	4	8	0	0	20
RET. EARNINGS (DEF.) AT BEG. OF YEAR	8	166	(8)	0	115
DEDUCT:
Dividends	0	0	0	0	0
Other	1	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$11	$174	($8)	$0	$135

FPL GROUP CAPITAL INC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					9
ASSETS	CAS Investments, Inc.	FPL Investments, Inc.	Adjusting & Elim. Entries	FPL Group Capital Inc Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$3,800
Nuclear fuel under capital lease - net	0	0	0	62
Construction work in progress	0	0	0	1,883
Less accumulated depr. & amort.	0	0	(1)	(360)
Total prop., plant and eqpt.-net	0	0	(1)	5,385
CURRENT ASSETS
Cash and cash equivalents	0	0	0	261
Customer receivables - net	0	0	(1)	138
Other receivables	1	9	(13)	130
Mat'ls., supplies & fossil fuel inv.-at avg. cost	0	0	1	99
Deferred clause expenses	0	0	0	0
Other	0	0	1	141
Total current assets	1	9	(12)	769
OTHER ASSETS:
Special use funds	0	0	0	229
Other investments	1,226	96	(8,980)	931
Other	0	0	(5)	125
Total other assets	1,226	96	(8,985)	1,285
TOTAL ASSETS	$1,227	$105	($8,998)	$7,439
CAPITALIZATION
Common shareholders' equity	$1,227	($8)	($7,357)	$839
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	3,427
Total capitalization	1,227	(8)	(7,357)	4,266
CURRENT LIABILITIES
Commercial paper	0	0	0	1,100
Note payable	0	0	0	375
Current maturities of long-term debt	0	0	0	35
Accounts payable	0	0	(4)	88
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	12	(13)	40
Deferred clause revenues	0	0	0	0
Other	0	0	0	737
Total current liabilities	0	12	(17)	2,375
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	101	(6)	412
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	(1,618)	386
Total other liab. & def. credits	0	101	(1,624)	798
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1,227	$105	($8,998)	$7,439

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					10
INCOME STATEMENT	CAS Investments, Inc.	FPL Investments, Inc.	Adjusting & Elim. Entries	FPL Group Capital Inc Consolidated
OPERATING REVENUES	$0	$0	($1)	$902
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	375
Other operations and maintenance	0	0	1	267
Restructuring and impairment charges	0	0	0	207
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	121
Taxes other than income taxes	0	0	(1)	31
Total operating expenses	0	0	0	1,001
OPERATING INCOME	0	0	(1)	(99)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	37	(144)
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	(48)	0	(48)
Equity in earnings of equity method investees	0	0	200	76
Other-net	29	0	(34)	56
Total other deductions - net	29	(48)	203	(60)
INCOME FROM OPERATIONS BEFORE INCOME TAXES	29	(48)	202	(159)
INCOME TAXES	10	(20)	2	(151)
INCOME BEFORE CUMMULATIVE EFFECT OF A CHANGE	19	(28)	200	(8)
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	0	(222)
NET INCOME	19	(28)	200	(230)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	119	8	(578)	(441)
DEDUCT:
Dividends	0	0	0	0
Other	0	0	(2)	0
RET. EARNINGS (DEF.) AT END OF YEAR	$138	($20)	($376)	($671)

ALANDCO INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					11
ASSETS	Alandco, Inc.	Alandco I, Inc.	Alandco/ Cascade, Inc.	Adjusting & Elim. Entries	Alandco Inc. Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	($2)	$0	$2	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	(2)	0	2	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.-at avg. cost	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	3	0	0	(3)	0
Other	(1)	1	1	0	1
Total other assets	2	1	1	(3)	1
TOTAL ASSETS	$0	$1	$3	($3)	$1
CAPITALIZATION
Common shareholders' equity	$0	$1	$3	($3)	$1
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	0	1	3	(3)	1
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$1	$3	($3)	$1

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					12
INCOME STATEMENT	Alandco Inc.	Alandco I, Inc.	Alandco/ Cascade, Inc.	Adjusting & Elim. Entries	Alandco Inc. Consolidated
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	0	0	0	0	0
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMMULATIVE EFFECT OF A CHANGE	0	0	0	0	0
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	0	0	0
NET INCOME	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(6)	3	(21)	18	(6)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($6)	$3	($21)	$18	($6)

FPL ENERGY SERVICES, INC. AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					13
ASSETS	FPL Energy Services, Inc.	EDMpro.com, Inc.	FPL Thermal Systems, Inc.	Adjusting & Elim. Entries	FPL Energy Services, Inc. Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	5	0	0	0	5
Other receivables	4	0	0	0	4
Mat'ls., supplies & fossil fuel inv.-at avg. cost	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	9	0	0	0	9
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	0	0	0	0	0
Total other assets	0	0	0	0	0
TOTAL ASSETS	$9	$0	$0	$0	$9
CAPITALIZATION
Common shareholders' equity	$5	$0	$0	$0	$5
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	5	0	0	0	5
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	4	0	0	0	4
Total current liabilities	4	0	0	0	4
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$9	$0	$0	$0	$9

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					14
INCOME STATEMENT	FPL Energy Services, Inc.	EDMpro.com, Inc.	FPL Thermal Systems, Inc.	Adjusting & Elim. Entries	FPL Energy Services, Inc. Consolidated
OPERATING REVENUES	$16	$0	$0	$0	$16
OPERATING EXPENSES
Fuel, purchased power & interchange	12	0	0	0	12
Other operations and maintenance	3	0	0	0	3
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	15	0	0	0	15
OPERATING INCOME	1	0	0	0	1
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investees	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME FROM OPERATIONS BEFORE INCOME TAXES	1	0	0	0	1
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMMULATIVE EFFECT OF A CHANGE	1	0	0	0	1
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	0	0	0
NET INCOME	1	0	0	0	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(42)	(2)	(1)	3	(42)
DEDUCT:
Dividends	0	0	0	0	0
Other	1	(2)	(1)	3	1
RET. EARNINGS (DEF.) AT END OF YEAR	($42)	$0	$0	$0	($42)

HJT & LCR HOLDINGS AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)						15
ASSETS	EMB Investments, Inc.	SRM Investments, L.P.	HJT Holdings, Inc.	LCR Holdings, Inc.	Adjusting & Elim. Entries	HJT & LCR Holdings Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0
Other receivables	6	0	0	0	0	6
Mat'ls., supplies & fossil fuel inv.-at avg. cost	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total current assets	6	0	0	0	0	6
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	473	479	0	479	(958)	473
Other	0	0	0	0	0	0
Total other assets	473	479	0	479	(958)	473
TOTAL ASSETS	$479	$479	$0	$479	($958)	$479
CAPITALIZATION
Common shareholders' equity	$479	$479	$0	$479	($958)	$479
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0
Long-term debt	0	0	0	0	0	0
Total capitalization	479	479	0	479	(958)	479
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Note payable	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total current liabilities	0	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$479	$479	$0	$479	($958)	$479

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)						16
INCOME STATEMENT	EMB Investments, Inc.	SRM Investments, L.P.	HJT Holdings, Inc.	LCR Holdings, Inc.	Adjusting & Elim. Entries	HJT & LCR Holdings Consolidated
OPERATING REVENUES	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0	0
Merger-related	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0
Total operating expenses	0	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0
Equity in earnings of equity method investees	0	20	0	20	(40)	0
Other-net	31	0	0	0	0	31
Total other deductions - net	31	20	0	20	(40)	31
INCOME FROM OPERATIONS BEFORE INCOME TAXES	31	20	0	20	(40)	31
INCOME TAXES	11	0	0	0	0	11
INCOME BEFORE CUMMULATIVE EFFECT OF A CHANGE	20	20	0	20	(40)	20
IN ACCOUNTING PRINCIPLE
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	0	0	0	0	0	0
NET INCOME	20	20	0	20	(40)	20
RET. EARNINGS (DEF.) AT BEG. OF YEAR	115	115	0	115	(230)	115
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$135	$135	$0	$135	($270)	$135

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					17
ASSETS	FPL Energy, LLC Consolidated	Elims	FPL Group Int'l Inc. Consolidated	ESI Energy, Inc. Consolidated	FPL Energy, Inc. Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$3,529	($12)	$0	$3,094	$447
Nuclear fuel under capital lease - net	62	62	0	0	0
Construction work in progress	1,876	12	0	1,739	125
Less accumulated depr. & amort.	(313)	0	0	(269)	(44)
Total prop., plant and eqpt.-net	5,154	62	0	4,564	528
CURRENT ASSETS
Cash and cash equivalents	37	0	0	48	(11)
Customer receivables - net	130	0	0	42	88
Other receivables	107	(182)	1	202	86
Mat'ls., supplies & fossil fuel inv.	81	(62)	0	140	3
Deferred clause expenses	0	0	0	0	0
Other	128	0	0	47	81
Total current assets	483	(244)	1	479	247
OTHER ASSETS:
Special use funds	229	0	0	229	0
Other investments	404	(3,808)	0	90	4,122
Other	88	(235)	0	282	41
Total other assets	721	(4,043)	0	601	4,163
TOTAL ASSETS	$6,358	($4,225)	$1	$5,644	$4,938
CAPITALIZATION
Common shareholders' equity	$5,103	($4,037)	($2)	$4,408	$4,734
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	347	0	0	347	0
Total capitalization	5,450	(4,037)	(2)	4,755	4,734
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	35	0	0	35	0
Accounts payable	86	(10)	0	43	53
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	10	(1)	0	8	3
Deferred clause revenues	0	0	0	0	0
Other	265	(170)	3	197	235
Total current liabilities	396	(181)	3	283	291
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	256	0	0	374	(118)
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	256	(7)	0	232	31
Total other liab. & def. credits	512	(7)	0	606	(87)
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$6,358	($4,225)	$1	$5,644	$4,938

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					18
INCOME STATEMENT	FPL Energy, LLC Consolidated	Elims	FPL Group Int'l Inc. Consolidated	ESI Energy, Inc. Consolidated	FPL Energy, Inc. Consolidated
OPERATING REVENUES	$799	($1,300)	$0	$711	$1,388
OPERATING EXPENSES
Fuel, purchased power & interchange	363	(1,298)	0	371	1,290
Other operations and maintenance	212	0	0	93	119
Restructuring and impairment charges	103	0	0	0	103
Merger-related	0	0	0	0	0
Depreciation & amortization	107	0	0	93	14
Taxes other than income taxes	27	0	0	20	7
Total operating expenses	812	(1,298)	0	577	1,533
OPERATING INCOME	(13)	(2)	0	134	(145)
OTHER INCOME (DEDUCTIONS):
Interest charges	(86)	0	0	(31)	(55)
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	76	0	0	91	(15)
Other-net	22	2	(11)	4	27
Total other deductions - net	12	2	(11)	64	(43)
INCOME BEFORE INCOME TAXES	(1)	0	(11)	198	(188)
INCOME TAXES	(54)	0	(4)	31	(81)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	53	0	(7)	167	(107)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($143)	(222)	0	0	(22)	(200)
NET INCOME (LOSS)	(169)	0	(7)	145	(307)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	195	0	(22)	410	(193)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$26	$0	($29)	$555	($500)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					19
ASSETS	FPL Group Int'l Inc. Consolidated	Elims	FPL Group Int'l Inc.	FPLI Investment	FPLI Investment
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	1	3	(2)	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	1	3	(2)	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(23)	23	0	0
Other	0	0	0	0	0
Total other assets	0	(23)	23	0	0
TOTAL ASSETS	$1	($20)	$21	$0	$0
CAPITALIZATION
Common shareholders' equity	($2)	($22)	$21	$0	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	(2)	(22)	21	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	3	2	0	0	0
Total current liabilities	3	2	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1	($20)	$21	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					20
INCOME STATEMENT	FPL Group Int'l Inc. Consolidated	Elims	FPL Group Int'l Inc.	FPLI Investment	FPLI Investment
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	(11)	0	(2)	0	0
Total other deductions - net	(11)	0	(2)	0	0
INCOME BEFORE INCOME TAXES	(11)	0	(2)	0	0
INCOME TAXES	(4)	0	(4)	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(7)	0	2	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	(7)	0	2	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(22)	$0	($8)	$2	($11)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($29)	$0	($6)	$2	($11)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				21
ASSETS	FPL Termocandel	Karaha Bodas Investment Corp.	FPL Brasil Ltd
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0
Construction work in progress	0	0	0
Less accumulated depr. & amort.	0	0	0
Total prop., plant and eqpt.-net	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0
Customer receivables - net	0	0	0
Other receivables	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0
Deferred clause expenses	0	0	0
Other	0	0	0
Total current assets	0	0	0
OTHER ASSETS:
Special use funds	0	0	0
Other investments	0	0	0
Other	0	0	0
Total other assets	0	0	0
TOTAL ASSETS	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$0	($1)	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0
Long-term debt	0	0	0
Total capitalization	0	(1)	0
CURRENT LIABILITIES
Commercial paper	0	0	0
Note payable	0	0	0
Current maturities of long-term debt	0	0	0
Accounts payable	0	0	0
Customers' deposits	0	0	0
Accrued interest and taxes	0	0	0
Deferred clause revenues	0	0	0
Other	0	1	0
Total current liabilities	0	1	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0
Def. regulatory credit - income taxes	0	0	0
Unamortized investment tax credits	0	0	0
Storm and property insurance reserve	0	0	0
Other	0	0	0
Total other liab. & def. credits	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)				22
INCOME STATEMENT	FPL Termocandel	Karaha Bodas Investment Corp.	FPLI Brasil Ltd
OPERATING REVENUES	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0
Other operations and maintenance	0	0	0
Restructuring and impairment charges	0	0	0
Merger-related	0	0	0
Depreciation & amortization	0	0	0
Taxes other than income taxes	0	0	0
Total operating expenses	0	0	0
OPERATING INCOME	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0
Preferred stock dividends - FPL	0	0	0
Reserve for leveraged leases	0	0	0
Equity in earnings of equity method investments	0	0	0
Other-net	0	(9)	0
Total other deductions - net	0	(9)	0
INCOME BEFORE INCOME TAXES	0	(9)	0
INCOME TAXES	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	(9)	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0
NET INCOME (LOSS)	0	(9)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	$0	($4)	($1)
DEDUCT:
Dividends	0	0	0
Other	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	($13)	($1)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					23
ASSETS	ESI Energy, Inc. Consolidated	Elims	ESI Energy, LLC	FPL Energy California Wind LLC	CH Ormesa LP Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$3,094	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	1,739	0	0	0	0
Less accumulated depr. & amort.	(269)	0	0	0	0
Total prop., plant and eqpt.-net	4,564	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	48	0	0	0	0
Customer receivables - net	42	0	0	0	0
Other receivables	202	(42)	75	0	0
Mat'ls., supplies & fossil fuel inv.	140	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	47	0	0	0	0
Total current assets	479	(42)	75	0	0
OTHER ASSETS:
Special use funds	229	0	0	0	0
Other investments	90	(4,166)	3,815	(5)	0
Other	282	0	0	0	0
Total other assets	601	(4,166)	3,815	(5)	0
TOTAL ASSETS	$5,644	($4,208)	$3,890	($5)	$0
CAPITALIZATION
Common shareholders' equity	$ 4,408	$ (3,758)	$ 3,900	$ (5)	$ (2)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	347	(409)	0	0	0
Total capitalization	4,755	(4,167)	3,900	(5)	(2)
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	35	0	0	0	0
Accounts payable	43	(1)	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	8	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	197	(39)	6	0	2
Total current liabilities	283	(40)	6	0	2
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	374	0	(16)	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	232	(1)	0	0	0
Total other liab. & def. credits	606	(1)	(16)	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$5,644	($4,208)	$3,890	($5)	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					24
INCOME STATEMENT	ESI Energy, Inc. Consolidated	Elims	ESI Energy, LLC	FPL Energy California Wind LLC	CH Ormesa LP Inc.
OPERATING REVENUES	$711	($2)	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	371	0	0	0	0
Other operations and maintenance	93	(2)	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	93	0	0	0	0
Taxes other than income taxes	20	0	0	0	0
Total operating expenses	577	(2)	0	0	0
OPERATING INCOME	134	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(31)	37	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	91	(4)	4	0	4
Other-net	4	(37)	47	0	0
Total other deductions - net	64	(4)	51	0	4
INCOME BEFORE INCOME TAXES	198	(4)	51	0	4
INCOME TAXES	31	0	19	0	2
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	167	(4)	32	0	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	(22)	0	0	0	0
NET INCOME (LOSS)	145	(4)	32	0	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	410	0	63	0	1
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$555	($4)	$95	$0	$3

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					25
ASSETS	CH Ormesa Inc.	ESI Geothermal Inc.	ESI Ebensburg Inc.	ESI Sierra Inc.	ESI Kern Front Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	5	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	5	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	(3)	3	0
Other	0	0	0	0	0
Total other assets	0	0	(3)	3	0
TOTAL ASSETS	$5	$0	($3)	$3	$0
CAPITALIZATION
Common shareholders' equity	$ 5	$ -	$ (15)	$ 4	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	3	0	0
Total capitalization	5	0	(12)	4	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	9	(1)	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	9	(1)	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$5	$0	($3)	$3	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					26
INCOME STATEMENT	CH Ormesa Inc.	ESI Geothermal Inc.	ESI Ebensburg Inc.	ESI Sierra Inc.	ESI Kern Front Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0	0
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	2	0	3	3	1
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$2	$0	$3	$3	$1

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					27
ASSETS	ESI Double C Inc.	ESI LP Inc. (Victory)	ESI Victory Inc.	CH Posdef Inc.	CH Posdef LP Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	1	(8)	3	0	0
Other	0	0	0	0	0
Total other assets	1	(8)	3	0	0
TOTAL ASSETS	$1	($8)	$3	$0	$0
CAPITALIZATION
Common shareholders' equity	$ 1	$ (8)	$ 5	$ -	$ 9
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	1	(8)	5	0	9
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	(2)	0	(9)
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	(2)	0	(9)
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1	($8)	$3	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					28
INCOME STATEMENT	ESI Double C Inc.	ESI LP Inc. (Victory)	ESI Victory Inc.	CH Posdef Inc.	CH Posdef LP Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	2	0	10
Other-net	0	0	(6)	0	0
Total other deductions - net	0	0	(4)	0	10
INCOME BEFORE INCOME TAXES	0	0	(4)	0	10
INCOME TAXES	0	0	(3)	0	4
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	(1)	0	6
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	0	0	(1)	0	6
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(1)	0	13	(2)	(1)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($1)	$0	$12	($2)	$5

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					29
ASSETS	ESI Pittsylvania Inc.	ESI Bay Area GP Inc.	ESI Bay Area Inc.	ESI Multitrade LP Inc.	MES Financial Corp.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	5
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	1	0	0	0	0
Total current assets	1	0	0	0	5
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	6	(4)	4
Other	0	0	0	0	0
Total other assets	0	0	6	(4)	4
TOTAL ASSETS	$1	$0	$6	($4)	$9
CAPITALIZATION
Common shareholders' equity	$ 1	$ -	$ 5	$ (7)	$ 9
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	1	0	5	(7)	9
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	1	3	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	1	3	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1	$0	$6	($4)	$9

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)|					30
INCOME STATEMENT	ESI Pittsylvania Inc.	ESI Bay Area GP Inc.	ESI Bay Area Inc.	ESI Multitrade LP Inc.	MES Financial Corp.
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	3	2	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	3	2	0
INCOME BEFORE INCOME TAXES	0	0	3	2	0
INCOME TAXES	0	0	1	1	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	2	1	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	0	0	2	1	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3	(3)	(4)	11	16
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$3	($3)	($2)	$12	$16

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					31
ASSETS	ESI LP Inc. (Sky River)	ESI Sky River Inc.	ESI Brady Inc.	ESI California Holdings, Inc.	ESI Montgomery County GP Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	3	0	(26)	0
Other	0	0	0	0	0
Total other assets	0	3	0	(26)	0
TOTAL ASSETS	$0	$3	$0	($26)	$0
CAPITALIZATION
Common shareholders' equity	$ -	$ -	$ -	$ (26)	$ (19)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	5
Total capitalization	0	0	0	(26)	(14)
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	3	0	0	14
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	3	0	0	14
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$3	$0	($26)	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					32
INCOME STATEMENT	ESI LP Inc. (Sky River)	ESI Sky River Inc.	ESI Brady Inc.	ESI California Holdings Inc.	ESI Montgomery County GP Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	3	0	0	0
Other-net	0	(27)	0	0	0
Total other deductions - net	0	(24)	0	0	0
INCOME BEFORE INCOME TAXES	0	(24)	0	0	0
INCOME TAXES	0	(10)	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	(14)	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	0	(14)	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	45	(11)	0	(26)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$31	($11)	$0	($26)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					33
ASSETS	ESI Montgomery County LLC	ESI Montgomery County LP	ESI Montgomery County LP Inc.	ESI LP Inc. (Brady Only)	ESI Calistoga GP Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	(8)	0	0	0	0
Other	0	0	0	0	0
Total other assets	(8)	0	0	0	0
TOTAL ASSETS	($8)	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$ (8)	$ -	$ (15)	$ -	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	(8)	0	(15)	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	15	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	15	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	($8)	$0	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					34
INCOME STATEMENT	ESI Montgomery County LLC	ESI Montgomery County LP	ESI Montgomery County LP Inc.	ESI LP Inc. (Brady Only)	ESI Calistoga GP Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	0	(1)	0	(1)
Total other deductions - net	0	0	(1)	0	(1)
INCOME BEFORE INCOME TAXES	0	0	(1)	0	(1)
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	(1)	0	(1)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	0	0	(1)	0	(1)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	(7)	9
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	($1)	($7)	$8

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					35
ASSETS	ESI Calistoga LP Inc.	ESI Silverado Delaware LLC	ESI Silverado Holdings LLC	Harper Lake Acquisitions Inc.	Harper Lake Holdings, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	0	0	0	0	0
Total other assets	0	0	0	0	0
TOTAL ASSETS	$0	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$ -	$ -	$ -	$ -	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	0	0	0	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					36
INCOME STATEMENT	ESI Calistoga LP Inc.	ESI Silverado Delaware LLC	ESI Silverado Holdings LLC	Harper Lake Acquisitions Inc.	Harper Lake Holdings, Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0	0
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					37
ASSETS	ESI Altamont Acquisitions Inc.	ESI Ormesa Holdings Inc.	ESI Northeast Energy GP Inc.	ESI Northeast Energy LP Inc.	ESI NE Energy Acquisition Funding Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	1	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	1	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	17	0	2	81	0
Other	0	0	0	0	0
Total other assets	17	0	2	81	0
TOTAL ASSETS	$17	$0	$3	$81	$0
CAPITALIZATION
Common shareholders' equity	$ 14	$ -	$ 1	$ 46	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	8	0
Total capitalization	14	0	1	54	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	1	0	0
Total current liabilities	0	0	1	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	3	0	1	27	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	3	0	1	27	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$17	$0	$3	$81	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					38
INCOME STATEMENT	ESI Altamont Acquisitions Inc.	ESI Ormesa Holdings Inc.	ESI Northeast Energy GP Inc.	ESI Northeast Energy LP Inc.	ESI NE Energy Acquisition Funding Inc.
OPERATING REVENUES	$0	$0	$1	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	1	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	1	0
Total operating expenses	0	0	1	1	0
OPERATING INCOME	0	0	0	(1)	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	(2)	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	3	0	1	50	0
Other-net	2	0	(1)	1	0
Total other deductions - net	5	0	0	49	0
INCOME BEFORE INCOME TAXES	5	0	0	48	0
INCOME TAXES	2	0	0	18	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	0	0	30	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	3	0	0	30	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	11	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$14	$0	$0	$30	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					39
ASSETS	Northern Cross Investments Inc.	ESI NE Energy Funding Inc.	Sullivan Street Investments	ESI Tehachapi Acquisitions Inc.	ESI Ormesa Holdings I LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	1	0	2	(1)	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	1	0	2	(1)	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	17	0	36	16	0
Other	0	0	0	0	0
Total other assets	17	0	36	16	0
TOTAL ASSETS	$18	$0	$38	$15	$0
CAPITALIZATION
Common shareholders' equity	$ 18	$ -	$ 38	$ 5	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	18	0	38	5	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	8	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	2	0
Total other liab. & def. credits	0	0	0	10	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$18	$0	$38	$15	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					40
INCOME STATEMENT	Northern Cross Investments Inc.	ESI NE Energy Funding Inc.	Sullivan Street Investments	ESI Tehachapi Acquisitions Inc.	ESI Ormesa Holdings I LLC
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	2	0
Other-net	3	0	3	0	0
Total other deductions - net	3	0	3	2	0
INCOME BEFORE INCOME TAXES	3	0	3	2	0
INCOME TAXES	1	0	1	(1)	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	0	2	3	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	2	0	2	3	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	5	0	47	2	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$7	$0	$49	$5	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					41
ASSETS	Harper Lake Management Inc.	Northeast Fuel Management Inc.	FPL Energy GEO East Mesa Partners	ESI Ormesa Debt Holdings LLC	ESI Cannon Acquisitions LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	0	0	0	0	0
Total other assets	0	0	0	0	0
TOTAL ASSETS	$0	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$ -	$ -	$ (3)	$ -	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	0	0	(3)	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	3	0	0
Total current liabilities	0	0	3	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					42
INCOME STATEMENT	Harper Lake Management Inc.	Northeast Fuel Management Inc.	FPL Energy GEO East Mesa Partners	ESI Ormesa Debt Holdings LLC	ESI Cannon Acquisitions LLC
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	(3)	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	(3)	0	0
INCOME BEFORE INCOME TAXES	0	0	(3)	0	0
INCOME TAXES	0	0	(1)	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	(2)	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	0	0	(2)	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	1	(1)	1	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$1	($3)	$1	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					43
ASSETS	Ridgetop Power Corp.	FPL Energy Pacific Crest Partners LLC	FPL Energy East Mesa LLC	Doswell Funding Corp.	FPL Energy Doswell Holdings, Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	4	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	(1)	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	(1)	4	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	12	1	0	0	0
Other	0	0	0	0	0
Total other assets	12	1	0	0	0
TOTAL ASSETS	$12	$0	$4	$0	$0
CAPITALIZATION
Common shareholders' equity	$ 8	$ (6)	$ 2	$ -	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	8	(6)	2	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	2	0	0
Total current liabilities	0	0	2	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	4	6	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	4	6	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$12	$0	$4	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					44
INCOME STATEMENT	Ridgetop Power Corp.	Pacific Crest Partners LLC	FPL Energy East Mesa LLC	Doswell Funding Corp.	FPL Energy Doswell Holdings, Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	1	1	2	0	0
Other-net	0	0	0	0	0
Total other deductions - net	1	1	2	0	0
INCOME BEFORE INCOME TAXES	1	1	2	0	0
INCOME TAXES	0	(1)	4	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	2	(2)	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	1	2	(2)	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	5	1	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	$7	($1)	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					45
ASSETS	UFG Holdings Inc.	ESI Cherokee County LP	ESI Cherokee GP Inc.	ESI Cherokee GP Inc.	ESI Cherokee Holdings Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	1	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	1	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	5	0	1
Other	0	0	0	0	0
Total other assets	0	0	5	0	1
TOTAL ASSETS	$1	$0	$5	$0	$1
CAPITALIZATION
Common shareholders' equity	$ 3	$ -	$ 5	$ -	$ 1
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	3	0	5	0	1
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	1	0	0	0	0
Total current liabilities	1	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(3)	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	(3)	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1	$0	$5	$0	$1

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					46
INCOME STATEMENT	UFG Holdings Inc.	ESI Cherokee County LP	ESI Cherokee GP Inc.	ESI Cherokee GP Inc.	ESI Cherokee Holdings Inc.
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	2	0	0
Other-net	(7)	0	0	0	0
Total other deductions - net	(7)	0	2	0	0
INCOME BEFORE INCOME TAXES	(7)	0	2	0	0
INCOME TAXES	(3)	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(4)	0	2	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	(4)	0	2	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($4)	$0	$2	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					47
ASSETS	ESI Cherokee LP Inc.	ESI Cherokee MGP Inc.	FPLE Mojave Operating Services LLC	FPL Energy Morwind LLC	FPLE Bastrop GP Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	1	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	(1)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	1	0	(1)
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	9	1
Other	0	0	0	0	0
Total other assets	0	0	0	9	1
TOTAL ASSETS	$0	$0	$1	$9	$0
CAPITALIZATION
Common shareholders' equity	$ -	$ (2)	$ 1	$ 7	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	0	(2)	1	7	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	2	0	2	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	2	0	2	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$1	$9	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					48
INCOME STATEMENT	ESI Cherokee LP Inc.	ESI Cherokee MGP Inc.	FPLE Mojave Operating Services LLC	FPL Energy Morwind LLC	FPLE Bastrop GP Inc.
OPERATING REVENUES	$0	$0	$1	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	1	0	0
Total operating expenses	0	0	1	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	(1)	0	1	(3)
Other-net	0	0	0	0	0
Total other deductions - net	0	(1)	0	1	(3)
INCOME BEFORE INCOME TAXES	0	(1)	0	1	(3)
INCOME TAXES	0	1	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	(2)	0	1	(3)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	0	(2)	0	1	(3)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	1	2	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	($2)	$1	$3	($3)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					49
ASSETS	FPLE Bastrop LP Inc.	FPL Energy Geyers Holdings I	ESI Ormesa IH Equity LLC	Pacific Power	FPLE Virginia Fundings Corp.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	35
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	35
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	130	0	0	0	347
Other	0	0	0	0	3
Total other assets	130	0	0	0	350
TOTAL ASSETS	$130	$0	$0	$0	$385
CAPITALIZATION
Common shareholders' equity	$ 129	$ -	$ -	$ -	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	347
Total capitalization	129	0	0	0	347
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	35
Accounts payable	0	0	0	0	2
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	1
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	38
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	1	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	1	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$130	$0	$0	$0	$385

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					50
INCOME STATEMENT	FPLE Bastrop LP Inc.	FPL Energy Geyers Holdings I	ESI Ormesa IH Equity LLC	Pacific Power	FPLE Virginia Fundings Corp.
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	(31)
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	(1)	0	0	0	0
Other-net	0	0	0	0	31
Total other deductions - net	(1)	0	0	0	0
INCOME BEFORE INCOME TAXES	(1)	0	0	0	0
INCOME TAXES	(2)	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	1	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					51
ASSETS	FPLE Virginia Holdings Inc.	FPL Energy Solar Funding Corp.	FPL Energy Island End GP, LLC	FPLE Construction Funding Holdings	FPLE Construction Funding LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	0	0	0	0	0
Total other assets	0	0	0	0	0
TOTAL ASSETS	$0	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$ -	$ -	$ -	$ -	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	0	0	0	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					52
INCOME STATEMENT	FPLE Virginia Holdings Inc.	FPL Energy Solar Funding Corp.	FPL Energy Island End GP, LLC	FPLE Construction Funding Holdings	FPLE Construction Funding LLC
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0	0
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					53
ASSETS	FPLE Geysers, LLC	Tower Associates, LLC	ESI Lake Benton Holdings, Inc.	Backbone Consolidated	FPLE Badger Windpower Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$70	$32
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	(3)
Total prop., plant and eqpt.-net	0	0	0	70	29
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	1
Other receivables	0	0	0	0	(1)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	0	0	0	1	0
Total other assets	0	0	0	1	0
TOTAL ASSETS	$0	$0	$0	$71	$29
CAPITALIZATION
Common shareholders' equity	$ -	$ -	$ -	$ 59	$ 24
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	0	0	0	59	24
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	12	0
Total current liabilities	0	0	0	12	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	5
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	5
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$71	$29

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					54
INCOME STATEMENT	FPLE Geysers, LLC	Tower Associates, LLC	ESI Lake Benton Holdings, Inc.	Backbone Consolidated	FPLE Badger Windpower Consolidated
OPERATING REVENUES	$0	$0	$0	$0	$5
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	2
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	1
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	3
OPERATING INCOME	0	0	0	0	2
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0	2
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	1
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0	$3

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					55
ASSETS	FPLE Bayswater LLC Consolidated	Blythe Energy Consolidated	Calhoun I Consolidated	Delaware Mountain Consolidated	Doswell Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$58	$0	$0	$19	$463
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	3	390	224	0	0
Less accumulated depr. & amort.	(1)	0	0	0	(129)
Total prop., plant and eqpt.-net	60	390	224	19	334
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	11
Customer receivables - net	2	0	0	0	27
Other receivables	0	0	0	0	4
Mat'ls., supplies & fossil fuel inv.	1	0	0	0	6
Deferred clause expenses	0	0	0	0	0
Other	0	1	0	0	1
Total current assets	3	1	0	0	49
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	0	0	0	0	11
Total other assets	0	0	0	0	11
TOTAL ASSETS	$63	$391	$224	$19	$394
CAPITALIZATION
Common shareholders' equity	$ 51	$ 388	$ 213	$ 16	$ (29)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	347
Total capitalization	51	388	213	16	318
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	6
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	6	8	11	0	39
Total current liabilities	6	8	11	0	45
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	6	(5)	0	2	26
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	1	5
Total other liab. & def. credits	6	(5)	0	3	31
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$63	$391	$224	$19	$394

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					56
INCOME STATEMENT	FPLE Bayswater LLC Consolidated	Blythe Energy Consolidated	Calhoun I Consolidated	Delaware Mountain Consolidated	Doswell Consolidated
OPERATING REVENUES	$6	$0	$0	$0	$198
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	102
Other operations and maintenance	1	1	0	0	10
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	1	0	0	0	13
Taxes other than income taxes	0	0	0	0	2
Total operating expenses	2	1	0	0	127
OPERATING INCOME	4	(1)	0	0	71
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	(31)
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	(2)	0	0	0
Total other deductions - net	0	(2)	0	0	(31)
INCOME BEFORE INCOME TAXES	4	(3)	0	0	40
INCOME TAXES	2	0	0	0	16
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	(3)	0	0	24
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	(17)
NET INCOME (LOSS)	2	(3)	0	0	7
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	116
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$2	($3)	$0	$0	$123

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					57
ASSETS	Forney Consolidated	Gray County Wind Consolidated	Green Mountain Consolidated	Hancock County Consolidated	Hawkeye Power Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$102	$2	$94	$43
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	755	0	0	0	0
Less accumulated depr. & amort.	0	(6)	0	0	(7)
Total prop., plant and eqpt.-net	755	96	2	94	36
CURRENT ASSETS
Cash and cash equivalents	0	1	1	0	1
Customer receivables - net	0	1	0	0	1
Other receivables	2	(6)	0	0	(2)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	1	0	0	0	0
Total current assets	3	(4)	1	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	1	0	1	3	0
Total other assets	1	0	1	3	0
TOTAL ASSETS	$759	$92	$4	$97	$36
CAPITALIZATION
Common shareholders' equity	$ 745	$ 73	$ 3	$ 77	$ 26
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	745	73	3	77	26
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	1	0	0	4	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	10	0	1	16	0
Total current liabilities	11	0	1	20	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	3	18	0	0	10
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	1	0	0	0
Total other liab. & def. credits	3	19	0	0	10
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$759	$92	$4	$97	$36

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					58
INCOME STATEMENT	Forney Consolidated	Gray County Wind Consolidated	Green Mountain Consolidated	Hancock County Consolidated	Hawkeye Power Consolidated
OPERATING REVENUES	$0	$9	$0	$0	$5
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	1	1	0	0	2
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	5	0	0	1
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	1	6	0	0	3
OPERATING INCOME	(1)	3	0	0	2
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME BEFORE INCOME TAXES	(1)	3	0	0	2
INCOME TAXES	0	(5)	0	0	(1)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(1)	8	0	0	3
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	(1)	8	0	0	3
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	1	0	0	8
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($1)	$9	$0	$0	$11

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					59
ASSETS	High Winds Consolidated	FPLE Illinois Consolidated	FPL Energy Indian Mesa Consolidated	Jamaica Bay Consolidated	Lake Benton Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$82	$0	$119
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	16	0	0	0	0
Less accumulated depr. & amort.	0	0	(2)	0	(15)
Total prop., plant and eqpt.-net	16	0	80	0	104
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	1
Customer receivables - net	0	0	1	0	1
Other receivables	0	0	(1)	0	(5)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	1
Total current assets	0	0	0	0	(2)
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	3	0	3	8	0
Total other assets	3	0	3	8	0
TOTAL ASSETS	$19	$0	$83	$8	$102
CAPITALIZATION
Common shareholders' equity	$ 9	$ -	$ 70	$ 8	$ 68
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	9	0	70	8	68
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	10	0	0	0	1
Total current liabilities	10	0	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	7	0	20
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	6	0	13
Total other liab. & def. credits	0	0	13	0	33
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$19	$0	$83	$8	$102

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					60
INCOME STATEMENT	High Winds Consolidated	FPLE Illinois Consolidated	FPL Energy Indian Mesa Consolidated	Jamaica Bay Consolidated	Lake Benton Consolidated
OPERATING REVENUES	$0	$4	$2	$0	$9
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	3
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	2	2	0	6
Taxes other than income taxes	0	0	1	0	0
Total operating expenses	0	2	3	0	9
OPERATING INCOME	0	2	(1)	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME BEFORE INCOME TAXES	0	2	(1)	0	0
INCOME TAXES	0	0	(2)	0	(6)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	2	1	0	6
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	(5)
NET INCOME (LOSS)	0	2	1	0	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	7
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$2	$1	$0	$8

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					61
ASSETS	LSP VIII LP Consolidated	LSP IX LP Consolidated	MH50 Consolidated	MH700 Consolidated	Midway Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$18	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	330	0
Less accumulated depr. & amort.	0	0	(4)	0	0
Total prop., plant and eqpt.-net	0	0	14	330	0
CURRENT ASSETS
Cash and cash equivalents	0	0	2	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	1	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	3	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	7	13	0	0	0
Other	0	0	0	0	1
Total other assets	7	13	0	0	1
TOTAL ASSETS	$7	$13	$17	$330	$1
CAPITALIZATION
Common shareholders' equity	$ (17)	$ (20)	$ 5	$ 304	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	10	0	0
Total capitalization	(17)	(20)	15	304	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	1	2	1	26	1
Total current liabilities	1	2	1	26	1
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	23	31	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	1	0	0
Total other liab. & def. credits	23	31	1	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$7	$13	$17	$330	$1

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					62
INCOME STATEMENT	LSP VIII LP Consolidated	LSP IX LP Consolidated	MH50 Consolidated	MH700 Consolidated	Midway Consolidated
OPERATING REVENUES	$1	$1	$27	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	23	0	0
Other operations and maintenance	0	0	2	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	1	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	26	0	0
OPERATING INCOME	1	1	1	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	(1)	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	4	4	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	4	4	(1)	0	0
INCOME BEFORE INCOME TAXES	5	5	0	0	0
INCOME TAXES	2	2	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	3	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	3	3	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	9	6	(2)	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$12	$9	($2)	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					63
ASSETS	Mojave, Inc. Consolidated	North Dakota Wind Consolidated	New Mexico Consolidated	Oklahoma Consolidated	Ormesa IE Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	1	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	1	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	1	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	1	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	9	0	0	0	0
Other	0	0	1	0	0
Total other assets	9	0	1	0	0
TOTAL ASSETS	$10	$0	$2	$0	$0
CAPITALIZATION
Common shareholders' equity	$ 10	$ -	$ 2	$ -	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	10	0	2	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$10	$0	$2	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					64
INCOME STATEMENT	Mojave, Inc. Consolidated	North Dakota Wind Consolidated	New Mexico Consolidated	Oklahoma Consolidated	Ormesa IE Consolidated
OPERATING REVENUES	$1	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	1	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	1	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	4	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	4	0	0	0	0
INCOME BEFORE INCOME TAXES	4	0	0	0	0
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	4	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	4	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	14	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$18	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					65
ASSETS	Operating Services Consolidated	Paris Consolidated	FPLE Pecos Wind I Consolidated	FPLE Rhode Island Consolidated	South Dakota Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$452	$150	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	(35)	(12)	0	0
Total prop., plant and eqpt.-net	0	417	138	0	0
CURRENT ASSETS
Cash and cash equivalents	0	15	1	0	0
Customer receivables - net	0	0	1	0	0
Other receivables	11	56	(5)	28	0
Mat'ls., supplies & fossil fuel inv.	0	27	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	1	0	17	0
Total current assets	11	99	(3)	45	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	1	0	0	0	0
Total other assets	1	0	0	0	0
TOTAL ASSETS	$12	$516	$135	$45	$0
CAPITALIZATION
Common shareholders' equity	$ 6	$ 445	$ 109	$ 1	$ -
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	6	445	109	1	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	25	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	6	1	0	0
Deferred clause revenues	0	0	0	0	0
Other	4	14	0	18	0
Total current liabilities	4	20	1	43	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	2	19	25	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	32	0	1	0
Total other liab. & def. credits	2	51	25	1	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$12	$516	$135	$45	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					66
INCOME STATEMENT	Operating Services Consolidated	Paris Consolidated	FPLE Pecos Wind I Consolidated	FPLE Rhode Island Consolidated	South Dakota Consolidated
OPERATING REVENUES	$7	$295	$8	$33	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	211	1	26	0
Other operations and maintenance	0	24	1	6	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	15	8	0	0
Taxes other than income taxes	0	5	2	0	0
Total operating expenses	0	255	12	32	0
OPERATING INCOME	7	40	(4)	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	(2)	0	0	0
Total other deductions - net	0	(2)	0	0	0
INCOME BEFORE INCOME TAXES	7	38	(4)	1	0
INCOME TAXES	3	12	(7)	3	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	4	26	3	(2)	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0
NET INCOME (LOSS)	4	26	3	(2)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	12	34	3	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$16	$60	$6	($2)	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)						67
ASSETS	Seabrook Consolidated	Stateline Consolidated	Unita County Consolidated	Upton Wind Consolidated	Vansycle Consolidated	West Texas Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$717	$284	$0	$284	$28	$77
Nuclear fuel under capital lease - net	0	0	0	0	0	0
Construction work in progress	16	4	0	0	0	0
Less accumulated depr. & amort.	(3)	(15)	0	(17)	(6)	(14)
Total prop., plant and eqpt.-net	730	273	0	267	22	63
CURRENT ASSETS
Cash and cash equivalents	0	1	0	4	0	0
Customer receivables - net	3	1	0	1	1	1
Other receivables	66	(8)	0	(9)	(1)	(3)
Mat'ls., supplies & fossil fuel inv.	105	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0
Other	24	0	0	0	0	0
Total current assets	198	(6)	0	(4)	0	(2)
OTHER ASSETS:
Special use funds	229	0	0	0	0	0
Other investments	(229)	0	0	0	0	0
Other	238	0	0	7	0	0
Total other assets	238	0	0	7	0	0
TOTAL ASSETS	$1,166	$267	$0	$270	$22	$61
CAPITALIZATION
Common shareholders' equity	$ 976	$ 211	$ -	$ 214	$ 15	$ 3
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0
Long-term debt	0	0	0	0	0	36
Total capitalization	976	211	0	214	15	39
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Note payable	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0
Accounts payable	0	2	0	4	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0
Other	26	10	0	1	0	3
Total current liabilities	26	12	0	5	0	3
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(7)	44	0	51	7	19
Def. regulatory credit - income taxes	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	171	0	0	0	0	0
Total other liab. & def. credits	164	44	0	51	7	19
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1,166	$267	$0	$270	$22	$61

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)						68
INCOME STATEMENT	Seabrook Consolidated	Stateline Consolidated	Unita County Consolidated	Upton Wind Consolidated	Vansycle Consolidated	West Texas Consolidated
OPERATING REVENUES	$63	$13	$0	$14	$4	$6
OPERATING EXPENSES
Fuel, purchased power & interchange	6	0	0	2	0	0
Other operations and maintenance	28	5	0	6	0	0
Restructuring and impairment charges	0	0	0	0	0	0
Merger-related	0	0	0	0	0	0
Depreciation & amortization	5	12	0	15	2	4
Taxes other than income taxes	3	2	0	1	0	2
Total operating expenses	42	19	0	24	2	6
OPERATING INCOME	21	(6)	0	(10)	2	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	(3)
Preferred stock dividends - FPL	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0	0
Other-net	1	1	0	0	(1)	0
Total other deductions - net	1	1	0	0	(1)	(3)
INCOME BEFORE INCOME TAXES	22	(5)	0	(10)	1	(3)
INCOME TAXES	7	(12)	0	(11)	(1)	(4)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	15	7	0	1	2	1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($15)	0	0	0	0	0	0
NET INCOME (LOSS)	15	7	0	1	2	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	2	0	0	6	3
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$15	$9	$0	$1	$8	$4

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					69
ASSETS	Backbone Consolidated	Elims	Backbone Windpower Holdings LLC	Backbone Mountain Windpower LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$70	$0	$0	$70
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	70	0	0	70
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(59)	59	0
Other	1	0	0	1
Total other assets	1	(59)	59	1
TOTAL ASSETS	$71	($59)	$59	$71
CAPITALIZATION
Common shareholders' equity	$59	($59)	$59	$59
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	59	(59)	59	59
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	12	0	0	12
Total current liabilities	12	0	0	12
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$71	($59)	$59	$71

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					70
INCOME STATEMENT	Backbone Consolidated	Elims	Backbone Windpower Holdings LLC	Backbone Mountain Windpower LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					71
ASSETS	Badger Windpower Consolidated	Elims	Badger Windpower Holdings, LLC	Badger Windpower, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$32	$0	$0	$32
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	(3)	0	0	(3)
Total prop., plant and eqpt.-net	29	0	0	29
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	1	0	0	1
Other receivables	(1)	0	(1)	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	(1)	1
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(30)	30	0
Other	0	0	0	0
Total other assets	0	(30)	30	0
TOTAL ASSETS	$29	($30)	$29	$30
CAPITALIZATION
Common shareholders' equity	$24	($30)	$24	$30
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	24	(30)	24	30
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	5	0	5	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	5	0	5	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$29	($30)	$29	$30

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					72
INCOME STATEMENT	Badger Windpower Consolidated	Elims	Badger Windpower Holdings, LLC	Badger Windpower, LLC
OPERATING REVENUES	$5	$0	$0	$5
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	2	0	0	2
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	1	0	0	1
Taxes other than income taxes	0	0	0	0
Total operating expenses	3	0	0	3
OPERATING INCOME	2	0	0	2
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	(2)	2	0
Other-net	0	0	0	0
Total other deductions - net	0	(2)	2	0
INCOME BEFORE INCOME TAXES	2	(2)	2	2
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	(2)	2	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	2	(2)	2	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	1	(1)	1	1
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$3	($3)	$3	$3

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					73
ASSETS	FPLE Bayswater LLC Consolidated	Elims	FPL Energy Bayswater, LLC	Bayswater Peaking Facility, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$58	$0	$0	$58
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	3	0	0	3
Less accumulated depr. & amort.	(1)	0	0	(1)
Total prop., plant and eqpt.-net	60	0	0	60
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	2	0	0	2
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	1	0	0	1
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	3	0	0	3
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(58)	58	0
Other	0	0	0	0
Total other assets	0	(58)	58	0
TOTAL ASSETS	$63	($58)	$58	$63
CAPITALIZATION
Common shareholders' equity	$51	($58)	$51	$58
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	51	(58)	51	58
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	6	0	1	5
Total current liabilities	6	0	1	5
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	6	0	6	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	6	0	6	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$63	($58)	$58	$63

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					74
INCOME STATEMENT	FPLE Bayswater LLC Consolidated	Elims	Bayswater, LLC	Bayswater Peaking Facility, LLC
OPERATING REVENUES	$6	$0	$0	$6
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	1	0	0	1
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	1	0	0	1
Taxes other than income taxes	0	0	0	0
Total operating expenses	2	0	0	2
OPERATING INCOME	4	0	0	4
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	(4)	4	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	(4)	4	0
INCOME BEFORE INCOME TAXES	4	(4)	4	4
INCOME TAXES	2	0	2	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	(4)	2	4
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	2	(4)	2	4
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$2	($4)	$2	$4

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)						75
ASSETS	Blythe Consolidated	Elim	Blythe Energy LLC	FPL Energy Blythe LLC	Blythe Energy Acquisitions LLC	Blythe Energy LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0	0
Construction work in progress	390	0	0	3	1	386
Less accumulated depr. & amort.	0	0	0	0	0	0
Total prop., plant and eqpt.-net	390	0	0	3	1	386
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0
Other receivables	0	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0
Other	1	0	0	0	0	1
Total current assets	1	0	0	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(761)	0	379	382	0
Other	0	0	0	0	0	0
Total other assets	0	(761)	0	379	382	0
TOTAL ASSETS	$391	($761)	$0	$382	$383	$387
CAPITALIZATION
Common shareholders' equity	$388	($761)	$0	$382	$388	$379
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0
Long-term debt	0	0	0	0	0	0
Total capitalization	388	(761)	0	382	388	379
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Note payable	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0
Accounts payable	0	0	0	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0
Other	8	0	0	0	0	8
Total current liabilities	8	0	0	0	0	8
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(5)	0	0	0	(5)	0
Def. regulatory credit - income taxes	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other liab. & def. credits	(5)	0	0	0	(5)	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$391	($761)	$0	$382	$383	$387

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)						76
INCOME STATEMENT	Blythe Consolidated	Elim	Blythe Energy LLC	FPL Energy Blythe LLC	Blythe Energy Acquisitions LLC	Blythe Energy LLC
OPERATING REVENUES	$0	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	1	0	0	0	0	1
Restructuring and impairment charges	0	0	0	0	0	0
Merger-related	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0
Total operating expenses	1	0	0	0	0	1
OPERATING INCOME	(1)	0	0	0	0	(1)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0
Equity in earnings of equity method investments	0	6	0	(3)	(3)	0
Other-net	(2)	0	0	0	0	(2)
Total other deductions - net	(2)	6	0	(3)	(3)	(2)
INCOME BEFORE INCOME TAXES	(3)	6	0	(3)	(3)	(3)
INCOME TAXES	0	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(3)	6	0	(3)	(3)	(3)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0	0
NET INCOME (LOSS)	(3)	6	0	(3)	(3)	(3)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($3)	$6	$0	($3)	($3)	($3)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					77
ASSETS	Calhoun I Consolidated	Elim	Calhoun Power Company I, LLC	FPLE Calhoun I, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	224	0	220	4
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	224	0	220	4
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(209)	0	209
Other	0	0	0	0
Total other assets	0	(209)	0	209
TOTAL ASSETS	$224	($209)	$220	$213
CAPITALIZATION
Common shareholders' equity	$213	($209)	$209	$213
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	213	(209)	209	213
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	11	0	11	0
Total current liabilities	11	0	11	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$224	($209)	$220	$213

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					78
INCOME STATEMENT	Calhoun I Consolidated	Elim	Calhoun Power Company I, LLC	FPLE Calhoun I, LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					79
ASSETS	Delaware Mountain Consolidated	Elims	FPL Energy Delaware Mountain GP	FPL Energy Delaware Mountain LP	Delaware Mountain |Windfarm LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$19	$0	$0	$0	$19
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	19	0	0	0	19
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(18)	0	18	0
Other	0	0	0	0	0
Total other assets	0	(18)	0	18	0
TOTAL ASSETS	$19	($18)	$0	$18	$19
CAPITALIZATION
Common shareholders' equity	$16	($18)	($2)	$18	$18
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	16	(18)	(2)	18	18
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	2	0	2	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	1	0	0	0	1
Total other liab. & def. credits	3	0	2	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$19	($18)	$0	$18	$19

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					80
INCOME STATEMENT	Delaware Mountain Consolidated	Elims	FPL Energy Delaware Mountain GP	FPL Energy Delaware Mountain LP	Delaware Mountain Windfarm LLC
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0	0
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)						81
ASSETS	Doswell Consolidated	Elims	Doswell Limited Partnership	ESI LP, Inc. (Doswell Only)	ESI Doswell GP, Inc.	Doswell I Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$463	$0	$463	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0	0
Construction work in progress	0	0	0	0	0	0
Less accumulated depr. & amort.	(129)	0	(129)	0	0	0
Total prop., plant and eqpt.-net	334	0	334	0	0	0
CURRENT ASSETS
Cash and cash equivalents	11	0	11	0	0	0
Customer receivables - net	27	0	27	0	0	0
Other receivables	4	(1)	5	0	0	0
Mat'ls., supplies & fossil fuel inv.	6	0	6	0	0	0
Deferred clause expenses	0	0	0	0	0	0
Other	1	0	1	0	0	0
Total current assets	49	(1)	50	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(12)	0	(18)	15	15
Other	11	0	11	0	0	0
Total other assets	11	(12)	11	(18)	15	15
TOTAL ASSETS	$394	($13)	$395	($18)	$15	$15
CAPITALIZATION
Common shareholders' equity	($29)	($12)	($3)	($18)	($11)	$15
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0
Long-term debt	347	0	347	0	0	0
Total capitalization	318	(12)	344	(18)	(11)	15
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Note payable	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0
Accounts payable	6	(1)	7	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0
Other	39	0	39	0	0	0
Total current liabilities	45	(1)	46	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	26	0	0	0	26	0
Def. regulatory credit - income taxes	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	5	0	5	0	0	0
Total other liab. & def. credits	31	0	5	0	26	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$394	($13)	$395	($18)	$15	$15

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)						82
INCOME STATEMENT	Doswell Consolidated	Elims	Doswell Limited Partnership	ESI LP, Inc. (Doswell Only)	ESI Doswell GP, Inc.	Doswell I Inc.
OPERATING REVENUES	$198	($1)	$198	$0	$0	$1
OPERATING EXPENSES
Fuel, purchased power & interchange	102	0	102	0	0	0
Other operations and maintenance	10	(1)	12	0	(1)	0
Restructuring and impairment charges	0	0	0	0	0	0
Merger-related	0	0	0	0	0	0
Depreciation & amortization	13	0	13	0	0	0
Taxes other than income taxes	2	0	2	0	0	0
Total operating expenses	127	(1)	129	0	(1)	0
OPERATING INCOME	71	0	69	0	1	1
OTHER INCOME (DEDUCTIONS):
Interest charges	(31)	0	(31)	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0
Equity in earnings of equity method investments	0	(36)	0	35	1	0
Other-net	0	0	0	0	0	0
Total other deductions - net	(31)	(36)	(31)	35	1	0
INCOME BEFORE INCOME TAXES	40	(36)	38	35	2	1
INCOME TAXES	16	0	0	16	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	24	(36)	38	19	2	1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($12)	(17)	0	0	3	(20)	0
NET INCOME (LOSS)	7	(36)	38	22	(18)	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	116	(67)	95	95	23	(30)
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$123	($103)	$133	$117	$5	($29)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)						83
ASSETS	Forney Consolidated	Elims	FPLE Forney LP	FPLE Forney Pipeline, LP	FPL Energy Forney, Inc.	FPL Energy Forney, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0	0
Construction work in progress	755	0	722	0	33	0
Less accumulated depr. & amort.	0	0	0	0	0	0
Total prop., plant and eqpt.-net	755	0	722	0	33	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0	0
Customer receivables - net	0	0	0	0	0	0
Other receivables	2	0	2	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0	0
Other	1	0	1	0	0	0
Total current assets	3	0	3	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0	0
Other investments	0	(708)	0	0	7	701
Other	1	0	1	0	0	0
Total other assets	1	(708)	1	0	7	701
TOTAL ASSETS	$759	($708)	$726	$0	$40	$701
CAPITALIZATION
Common shareholders' equity	$745	($708)	$715	$0	$37	$701
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0	0
Long-term debt	0	0	0	0	0	0
Total capitalization	745	(708)	715	0	37	701
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0	0
Note payable	0	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0	0
Accounts payable	1	0	1	0	0	0
Customers' deposits	0	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0	0
Other	10	0	10	0	0	0
Total current liabilities	11	0	11	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	3	0	0	0	3	0
Def. regulatory credit - income taxes	0	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0	0
Other	0	0	0	0	0	0
Total other liab. & def. credits	3	0	0	0	3	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$759	($708)	$726	$0	$40	$701

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)						84
INCOME STATEMENT	Forney Consolidated	Elims	FPLE Forney LP	FPLE Forney Pipeline, LP	FPL Energy Forney, Inc.	FPL Energy Forney, LLC
OPERATING REVENUES	$0	$0	($1)	$0	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0	0
Other operations and maintenance	1	0	1	0	0	0
Restructuring and impairment charges	0	0	0	0	0	0
Merger-related	0	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0	0
Total operating expenses	1	0	1	0	0	0
OPERATING INCOME	(1)	0	(2)	0	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0	0
Equity in earnings of equity method investments	0	2	0	0	0	(2)
Other-net	0	0	0	0	0	0
Total other deductions - net	0	2	0	0	0	(2)
INCOME BEFORE INCOME TAXES	(1)	2	(2)	0	1	(2)
INCOME TAXES	0	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(1)	2	(2)	0	1	(2)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0	0
NET INCOME (LOSS)	(1)	2	(2)	0	1	(2)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	1	(1)	0	1	(1)
DEDUCT:
Dividends	0	0	0	0	0	0
Other	0	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($1)	$3	($3)	$0	$2	($3)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					85
ASSETS	Gray County Wind Consolidated	Elims	Gray County Wind Energy LLC	FPL Energy Gray County Wind LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$102	$0	$102	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	(6)	0	(6)	0
Total prop., plant and eqpt.-net	96	0	96	0
CURRENT ASSETS
Cash and cash equivalents	1	0	1	0
Customer receivables - net	1	0	1	0
Other receivables	(6)	0	0	(6)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	(4)	0	2	(6)
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(97)	0	97
Other	0	0	0	0
Total other assets	0	(97)	0	97
TOTAL ASSETS	$92	($97)	$98	$91
CAPITALIZATION
Common shareholders' equity	$73	($97)	$97	$73
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	73	(97)	97	73
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	18	0	0	18
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	1	0	1	0
Total other liab. & def. credits	19	0	1	18
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$92	($97)	$98	$91

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					86
INCOME STATEMENT	Gray County Wind Consolidated	Elims	Gray County Wind Energy LLC	FPL Energy Gray County Wind LLC
OPERATING REVENUES	$9	$0	$9	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	1	0	1	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	5	0	5	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	6	0	6	0
OPERATING INCOME	3	0	3	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	(3)	0	3
Total other deductions - net	0	(3)	0	3
INCOME BEFORE INCOME TAXES	3	(3)	3	3
INCOME TAXES	(5)	0	0	(5)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	8	(3)	3	8
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. Taxes	0	0	0	0
NET INCOME (LOSS)	8	(3)	3	8
RET. EARNINGS (DEF.) AT BEG. OF YEAR	1	0	0	1
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$9	($3)	$3	$9

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					87
ASSETS	Green Mountain Consolidated	Elims	FPL Energy Green Mountain LLC	Pennsylvania Windfarms Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$2	$0	$0	$2
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	2	0	0	2
CURRENT ASSETS
Cash and cash equivalents	1	0	0	1
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	1	0	0	1
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(3)	3	0
Other	1	0	0	1
Total other assets	1	(3)	3	1
TOTAL ASSETS	$4	($3)	$3	$4
CAPITALIZATION
Common shareholders' equity	$3	($3)	$3	$3
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	3	(3)	3	3
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	1	0	0	1
Total current liabilities	1	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$4	($3)	$3	$4

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					88
INCOME STATEMENT	Green Mountain Consolidated	Elims	FPL Energy Green Mountain LLC	Pennsylvania Windfarms Inc.
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					89
ASSETS	Hancock County Consolidated	Elims	FPL Energy Hancock County Wind	FPL Energy Hancock County Wind
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$94	$0	$0	$94
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	94	0	0	94
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(78)	78	0
Other	3	0	0	3
Total other assets	3	(78)	78	3
TOTAL ASSETS	$97	($78)	$78	$97
CAPITALIZATION
Common shareholders' equity	$77	($78)	$78	$77
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	77	(78)	78	77
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	4	0	0	4
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	16	0	0	16
Total current liabilities	20	0	0	20
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$97	($78)	$78	$97

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					90
INCOME STATEMENT	Hancock County |Consolidated	Elims	FPL Energy Hancock County Wind	FPL Energy Hancock County Wind
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					91
ASSETS	Hawkeye Power Consolidated	Elims	Hawkeye Power Partners LLC	ESI Hawkeye Power, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$43	$0	$43	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	(7)	0	(7)	0
Total prop., plant and eqpt.-net	36	0	36	0
CURRENT ASSETS
Cash and cash equivalents	1	0	1	0
Customer receivables - net	1	0	1	0
Other receivables	(2)	0	0	(2)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	2	(2)
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(38)	0	38
Other	0	0	0	0
Total other assets	0	(38)	0	38
TOTAL ASSETS	$36	($38)	$38	$36
CAPITALIZATION
Common shareholders' equity	$26	($38)	$38	$26
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	26	(38)	38	26
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	10	0	0	10
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	10	0	0	10
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$36	($38)	$38	$36

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					92
INCOME STATEMENT	Hawkeye Power Consolidated	Elims	Hawkeye Power Partners LLC	ESI Hawkeye Power, LLC
OPERATING REVENUES	$5	$0	$5	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	2	0	2	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	1	0	1	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	3	0	3	0
OPERATING INCOME	2	0	2	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	(2)	0	2
Other-net	0	0	0	0
Total other deductions - net	0	(2)	0	2
INCOME BEFORE INCOME TAXES	2	(2)	2	2
INCOME TAXES	(1)	0	0	(1)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	(2)	2	3
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. Taxes	0	0	0	0
NET INCOME (LOSS)	3	(2)	2	3
RET. EARNINGS (DEF.) AT BEG. OF YEAR	8	(4)	4	8
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$11	($6)	$6	$11

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					93
ASSETS	High Winds Consolidated	Elims	High Winds Holdings LLC	High Winds LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	16	0	0	16
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	16	0	0	16
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(6)	6	0
Other	3	0	3	0
Total other assets	3	(6)	9	0
TOTAL ASSETS	$19	($6)	$9	$16
CAPITALIZATION
Common shareholders' equity	$9	($6)	$9	$6
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	9	(6)	9	6
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	10	0	0	10
Total current liabilities	10	0	0	10
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$19	($6)	$9	$16

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					94
INCOME STATEMENT	High Winds Consolidated	Elims	High Winds Holdings LLC	High Winds LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. Taxes	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					95
ASSETS	FPLE Illinois Consolidated	Elims	FPLE Illinois Wind LLC	FPLE Illinois Wind LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Other	0	0	0	0
Total other assets	0	0	0	0
TOTAL ASSETS	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$0	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	0	0	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					96
INCOME STATEMENT	FPLE Illinois Consolidated	Elims	FPLE Illinois Wind LLC	FPLE Illinois Wind LLC
OPERATING REVENUES	$4	$0	$0	$4
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	2	0	0	2
Taxes other than income taxes	0	0	0	0
Total operating expenses	2	0	0	2
OPERATING INCOME	2	0	0	2
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	2	0	0	2
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	0	0	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	2	0	0	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$2	$0	$0	$2

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					97
ASSETS	FPL Energy Indian Mesa Consolidated	Elims	FPL Energy Indian Mesa GP LLC	FPL Energy Indian Mesa LP LLC	NWP Indian Mesa Wind Farm LP
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$82	$0	$0	$0	$82
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(2)	0	0	0	(2)
Total prop., plant and eqpt.-net	80	0	0	0	80
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	0	0	1
Other receivables	(1)	0	(1)	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	(1)	0	1
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(78)	1	77	0
Other	3	0	0	0	3
Total other assets	3	(78)	1	77	3
TOTAL ASSETS	$83	($78)	$0	$77	$84
CAPITALIZATION
Common shareholders' equity	$70	($78)	($7)	$77	$78
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	70	(78)	(7)	77	78
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	7	0	7	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	6	0	0	0	6
Total other liab. & def. credits	13	0	7	0	6
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$83	($78)	$0	$77	$84

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					98
INCOME STATEMENT	FPL Energy Indian Mesa Consolidated	Elims	FPL Energy Indian Mesa GP LLC	FPL Energy Indian Mesa LP LLC	NWP Indian Mesa Wind Farm LP
OPERATING REVENUES	$2	$0	$0	$0	$2
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	2	0	0	0	2
Taxes other than income taxes	1	0	0	0	1
Total operating expenses	3	0	0	0	3
OPERATING INCOME	(1)	0	0	0	(1)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	1	0	(1)	0
Other-net	0	0	0	0	0
Total other deductions - net	0	1	0	(1)	0
INCOME BEFORE INCOME TAXES	(1)	1	0	(1)	(1)
INCOME TAXES	(2)	0	0	(2)	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	1	0	1	(1)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	1	1	0	1	(1)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	$1	$0	$1	($1)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					99
ASSETS	Jamaica Bay Consolidated	Elims	FPL Energy New York LLC	Jamaica Bay Peaking Facility
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Other	8	0	8	0
Total other assets	8	0	8	0
TOTAL ASSETS	$8	$0	$8	$0
CAPITALIZATION
Common shareholders' equity	$8	$0	$8	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	8	0	8	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$8	$0	$8	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					100
INCOME STATEMENT	Jamaica Bay Consolidated	Elims	FPL Energy New York LLC	Jamaica Bay Peaking Facility
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					101
ASSETS	Lake Benton Consolidated	Elims	Lake Benton Power Partners II, LLC	FPL Energy Lake Benton Acquisitions LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$119	$0	$119	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	(15)	0	(15)	0
Total prop., plant and eqpt.-net	104	0	104	0
CURRENT ASSETS
Cash and cash equivalents	1	0	1	0
Customer receivables - net	1	0	1	0
Other receivables	(5)	0	0	(5)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	1	0	1	0
Total current assets	(2)	0	3	(5)
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	(93)	0	93
Other	0	0	0	0
Total other assets	0	(93)	0	93
TOTAL ASSETS	$102	($93)	$107	$88
CAPITALIZATION
Common shareholders' equity	$68	($93)	$93	$68
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	68	(93)	93	68
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	1	0	1	0
Total current liabilities	1	0	1	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	20	0	0	20
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	13	0	13	0
Total other liab. & def. credits	33	0	13	20
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$102	($93)	$107	$88

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					102
INCOME STATEMENT	Lake Benton Consolidated	Elims	Lake Benton Power Partners II, LLC	FPL Energy Lake Benton Acquisitions LLC
OPERATING REVENUES	$9	$0	$9	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	3	0	3	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	6	0	6	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	9	0	9	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	7	0	(7)
Other-net	0	0	0	0
Total other deductions - net	0	7	0	(7)
INCOME BEFORE INCOME TAXES	0	7	0	(7)
INCOME TAXES	(6)	0	3	(9)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	6	7	(3)	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($3)	(5)	0	(5)	0
NET INCOME (LOSS)	1	7	(8)	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	7	3	(2)	6
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$8	$10	($10)	$8

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					103
ASSETS	LSP VIII LP Consolidated	Elims	Harper Lake Company VIII	Hyperion VIII, Inc
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	7	3	0	4
Other	0	0	0	0
Total other assets	7	3	0	4
TOTAL ASSETS	$7	$3	$0	$4
CAPITALIZATION
Common shareholders' equity	($17)	$3	$0	($20)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	(17)	3	0	(20)
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	1	0	0	1
Total current liabilities	1	0	0	1
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	23	0	0	23
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	23	0	0	23
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$7	$3	$0	$4

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					104
INCOME STATEMENT	LSP VIII LP Consolidated	Elims	Harper Lake Company VIII	Hyperion VIII, Inc
OPERATING REVENUES	$1	$0	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	1	0	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	4	0	0	4
Other-net	0	0	0	0
Total other deductions - net	4	0	0	4
INCOME BEFORE INCOME TAXES	5	0	1	4
INCOME TAXES	2	0	0	2
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	0	1	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	3	0	1	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	9	0	3	6
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$12	$0	$4	$8

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					105
ASSETS	LSP IX LP Consolidated	Elims	HLC IX Company	Hyperion IX Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	13	3	0	10
Other	0	0	0	0
Total other assets	13	3	0	10
TOTAL ASSETS	$13	$3	$0	$10
CAPITALIZATION
Common shareholders' equity	($20)	$3	$0	($23)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	(20)	3	0	(23)
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	2	0	0	2
Total current liabilities	2	0	0	2
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	31	0	0	31
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	31	0	0	31
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$13	$3	$0	$10

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					106
INCOME STATEMENT	LSP IX LP Consolidated	Elims	HLC IX Company	Hyperion IX Inc.
OPERATING REVENUES	$1	$0	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	1	0	1	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	4	0	0	4
Other-net	0	0	0	0
Total other deductions - net	4	0	0	4
INCOME BEFORE INCOME TAXES	5	0	1	4
INCOME TAXES	2	0	0	2
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	0	1	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	3	0	1	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	6	0	2	4
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$9	$0	$3	$6

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					107
ASSETS	MH50 Consolidated	Elims	FPL Energy MH50, LP	FPL Energy MH50 LP, LLC	FPL Energy MH50 GP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$18	$0	$18	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(4)	0	(4)	0	0
Total prop., plant and eqpt.-net	14	0	14	0	0
CURRENT ASSETS
Cash and cash equivalents	2	0	2	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	1	0	1	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	3	0	3	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(16)	0	16	0
Other	0	0	0	0	0
Total other assets	0	(16)	0	16	0
TOTAL ASSETS	$17	($16)	$17	$16	$0
CAPITALIZATION
Common shareholders' equity	$5	($16)	$16	$5	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	10	0	0	10	0
Total capitalization	15	(16)	16	15	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	1	0	0	1	0
Total current liabilities	1	0	0	1	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	1	0	1	0	0
Total other liab. & def. credits	1	0	1	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$17	($16)	$17	$16	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					108
INCOME STATEMENT	MH50 Consolidated	Elims	FPL Energy MH50, LP	FPL Energy MH50 LP, LLC	FPL Energy MH50 GP, LLC
OPERATING REVENUES	$27	$0	$27	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	23	0	23	0	0
Other operations and maintenance	2	0	2	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	1	0	1	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	26	0	26	0	0
OPERATING INCOME	1	0	1	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(1)	0	0	(1)	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	(1)	0	1	0
Other-net	0	0	0	0	0
Total other deductions - net	(1)	(1)	0	0	0
INCOME BEFORE INCOME TAXES	0	(1)	1	0	0
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	(1)	1	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	0	(1)	1	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(2)	(1)	1	(2)	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($2)	($2)	$2	($2)	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					109
ASSETS	MH700 Consolidated	Elims	FPL Energy Marcus Hook LP	FPL Energy MH700 LLC	FPL Energy Marcus Hook LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	330	0	320	0	10
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	330	0	320	0	10
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(294)	0	0	294
Other	0	0	0	0	0
Total other assets	0	(294)	0	0	294
TOTAL ASSETS	$330	($294)	$320	$0	$304
CAPITALIZATION
Common shareholders' equity	$304	($294)	$294	$0	$304
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	304	(294)	294	0	304
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	26	0	26	0	0
Total current liabilities	26	0	26	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$330	($294)	$320	$0	$304

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					110
INCOME STATEMENT	MH700 Consolidated	Elims	FPL Energy Marcus Hook LP	FPL Energy MH700 LLC	FPL Energy Marcus Hook LLC
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0	0
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					111
ASSETS	Midway Consolidated	Elims	Midway Power LLC	Midway Power LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Other	1	0	1	0
Total other assets	1	0	1	0
TOTAL ASSETS	$1	$0	$1	$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$0	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	0	0	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	1	0	1	0
Total current liabilities	1	0	1	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1	$0	$1	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					112
INCOME STATEMENT	Midway Consolidated	Elims	Midway Power LLC	Midway Power LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					113
ASSETS	Mojave, Inc. Consolidated	Elim	ESI Mojave, LLC	ESI Mojave, Inc
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	1	0	1	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	1	0	1	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	9	0	9	0
Other	0	0	0	0
Total other assets	9	0	9	0
TOTAL ASSETS	$10	$0	$10	$0
CAPITALIZATION
Common shareholders' equity	$10	$0	$10	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	10	0	10	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$10	$0	$10	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					114
INCOME STATEMENT	Mojave, Inc. Consolidated	Elim	ESI Mojave, LLC	ESI Mojave, Inc
OPERATING REVENUES	$1	$0	$1	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	1	0	1	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	1	0	1	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	4	0	4	0
Other-net	0	0	0	0
Total other deductions - net	4	0	4	0
INCOME BEFORE INCOME TAXES	4	0	4	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	4	0	4	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	4	0	4	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	14	0	14	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$18	$0	$18	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					115
ASSETS	North Dakota Wind Consolidated	Elims	FPLE North Dakota Wind LLC	FPLE North Dakota Wind LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Other	0	0	0	0
Total other assets	0	0	0	0
TOTAL ASSETS	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$0	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	0	0	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					116
INCOME STATEMENT	North Dakota Wind Consolidated	Elims	FPLE North Dakota Wind LLC	FPLE North Dakota Wind LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					117
ASSETS	New Mexico Consolidated	Elims	Pacific Power Investments Inc.	ESI NE Energy LP, Inc.	FPLE New Mexico wind LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	1	0	0	1	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	1	0	0	1	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	1	0	0	1	0
Total other assets	1	0	0	1	0
TOTAL ASSETS	$2	$0	$0	$2	$0
CAPITALIZATION
Common shareholders' equity	$2	$0	$0	$2	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	2	0	0	2	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$2	$0	$0	$2	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					118
INCOME STATEMENT	New Mexico Consolidated	Elims	Pacific Power Investments Inc.	ESI NE Energy LP, Inc.	FPLE New Mexico wind LLC
OPERATING REVENUES	$0	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0	0
INCOME TAXES	0	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	0	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					119
ASSETS	Oklahoma Consolidated	Elims	FPLE Oklahoma Wind LLC	FPLE Oklahoma Wind LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Other	0	0	0	0
Total other assets	0	0	0	0
TOTAL ASSETS	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$0	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	0	0	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					120
INCOME STATEMENT	Oklahoma Consolidated	Elims	FPLE Oklahoma Wind LLC	FPLE Oklahoma Wind LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					121
ASSETS	Ormesa IE Consolidated	Elims	ESI Ormesa IE Equity Inc.	ESI Ormesa Equity Holdings LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Other	0	0	0	0
Total other assets	0	0	0	0
TOTAL ASSETS	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$0	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	0	0	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					122
INCOME STATEMENT	| Ormesa IE Consolidated	Elims	ESI Ormesa IE Equity Inc.	ESI Ormesa Equity Holdings LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					123
ASSETS	Operating Services Consolidated	Elims	FPL Energy Brady Power Services Inc.	Texas Wind Operating Services LLC	FPL Energy Doswell Power Services
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	11	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	11	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	0	0	0	0
Other	1	0	0	0	0
Total other assets	1	0	0	0	0
TOTAL ASSETS	$12	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$6	$0	$0	$0	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	6	0	0	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	4	0	0	0	0
Total current liabilities	4	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	2	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	2	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$12	$0	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					124
INCOME STATEMENT	Operating Services Consolidated	Elims	FPL Energy Brady Power Services Inc.	Texas Wind Operating Services LLC	FPL Energy Doswell Power Services
OPERATING REVENUES	$7	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	0	0	0	0	0
OPERATING INCOME	7	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	0	0	0	0
INCOME BEFORE INCOME TAXES	7	0	0	0	0
INCOME TAXES	3	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	4	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	4	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	12	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$16	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				125
ASSETS	FPL Energy Virginia Power Services Inc	FPL Energy CO2 Operations, Inc.	FPL Energy Operating Services Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0
Construction work in progress	0	0	0
Less accumulated depr. & amort.	0	0	0
Total prop., plant and eqpt.-net	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0
Customer receivables - net	0	0	0
Other receivables	0	0	11
Mat'ls., supplies & fossil fuel inv.	0	0	0
Deferred clause expenses	0	0	0
Other	0	0	0
Total current assets	0	0	11
OTHER ASSETS:
Special use funds	0	0	0
Other investments	0	0	0
Other	1	0	0
Total other assets	1	0	0
TOTAL ASSETS	$1	$0	$11
CAPITALIZATION
Common shareholders' equity	$1	$0	$5
Pref. stk. of FPL w/o sinking fund require.	0	0	0
Long-term debt	0	0	0
Total capitalization	1	0	5
CURRENT LIABILITIES
Commercial paper	0	0	0
Note payable	0	0	0
Current maturities of long-term debt	0	0	0
Accounts payable	0	0	0
Customers' deposits	0	0	0
Accrued interest and taxes	0	0	0
Deferred clause revenues	0	0	0
Other	0	0	4
Total current liabilities	0	0	4
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	2
Def. regulatory credit - income taxes	0	0	0
Unamortized investment tax credits	0	0	0
Storm and property insurance reserve	0	0	0
Other	0	0	0
Total other liab. & def. credits	0	0	2
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1	$0	$11

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)				126
INCOME STATEMENT	FPL Energy Virginia Power Services Inc	FPL Energy CO2 Operations, Inc.	FPL Energy Operating Services Inc.
OPERATING REVENUES	$0	$0	$7
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0
Other operations and maintenance	0	0	0
Restructuring and impairment charges	0	0	0
Merger-related	0	0	0
Depreciation & amortization	0	0	0
Taxes other than income taxes	0	0	0
Total operating expenses	0	0	0
OPERATING INCOME	0	0	7
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0
Preferred stock dividends - FPL	0	0	0
Reserve for leveraged leases	0	0	0
Equity in earnings of equity method investments	0	0	0
Other-net	0	0	0
Total other deductions - net	0	0	0
INCOME BEFORE INCOME TAXES	0	0	7
INCOME TAXES	0	0	3
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	4
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0
NET INCOME (LOSS)	0	0	4
RET. EARNINGS (DEF.) AT BEG. OF YEAR	1	0	11
DEDUCT:
Dividends	0	0	0
Other	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	$0	$15

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					127
ASSETS	Paris Consolidated	Elims	Lamar Power Partners LP	Intexco I LP	Intexco I LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$452	$0	$308	$1	$143
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(35)	0	(24)	0	(11)
Total prop., plant and eqpt.-net	417	0	284	1	132
CURRENT ASSETS
Cash and cash equivalents	15	0	15	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	56	0	56	0	0
Mat'ls., supplies & fossil fuel inv.	27	0	27	0	0
Deferred clause expenses	0	0	0	0	0
Other	1	0	1	0	0
Total current assets	99	0	99	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(580)	133	0	0
Other	0	0	0	0	0
Total other assets	0	(580)	133	0	0
TOTAL ASSETS	$516	($580)	$516	$1	$132
CAPITALIZATION
Common shareholders' equity	$445	($580)	$464	$1	$132
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	445	(580)	464	1	132
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	6	0	6	0	0
Deferred clause revenues	0	0	0	0	0
Other	14	0	14	0	0
Total current liabilities	20	0	20	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	19	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	32	0	32	0	0
Total other liab. & def. credits	51	0	32	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$516	($580)	$516	$1	$132

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					128
INCOME STATEMENT	Paris Consolidated	Elims	Lamar Power Partners LP	Intexco I LP	Intexco I LP, LLC
OPERATING REVENUES	$295	$0	$295	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	211	0	211	0	0
Other operations and maintenance	24	0	24	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	15	0	10	0	5
Taxes other than income taxes	5	0	5	0	0
Total operating expenses	255	0	250	0	5
OPERATING INCOME	40	0	45	0	(5)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	(39)	0	0	0
Other-net	(2)	0	(7)	0	5
Total other deductions - net	(2)	(39)	(7)	0	5
INCOME BEFORE INCOME TAXES	38	(39)	38	0	0
INCOME TAXES	12	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	26	(39)	38	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	26	(39)	38	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	34	(62)	63	0	(2)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$60	($101)	$101	$0	($2)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)			129
ASSETS	FPL Energy Paris GP, Inc.	FPL Energy Paris LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0
Nuclear fuel under capital lease - net	0	0
Construction work in progress	0	0
Less accumulated depr. & amort.	0	0
Total prop., plant and eqpt.-net	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0
Customer receivables - net	0	0
Other receivables	0	0
Mat'ls., supplies & fossil fuel inv.	0	0
Deferred clause expenses	0	0
Other	0	0
Total current assets	0	0
OTHER ASSETS:
Special use funds	0	0
Other investments	5	442
Other	0	0
Total other assets	5	442
TOTAL ASSETS	$5	$442
CAPITALIZATION
Common shareholders' equity	($14)	$442
Pref. stk. of FPL w/o sinking fund require.	0	0
Long-term debt	0	0
Total capitalization	(14)	442
CURRENT LIABILITIES
Commercial paper	0	0
Note payable	0	0
Current maturities of long-term debt	0	0
Accounts payable	0	0
Customers' deposits	0	0
Accrued interest and taxes	0	0
Deferred clause revenues	0	0
Other	0	0
Total current liabilities	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	19	0
Def. regulatory credit - income taxes	0	0
Unamortized investment tax credits	0	0
Storm and property insurance reserve	0	0
Other	0	0
Total other liab. & def. credits	19	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$5	$442

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)			130
INCOME STATEMENT	FPL Energy Paris GP, Inc.	FPL Energy Paris LP, LLC
OPERATING REVENUES	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0
Other operations and maintenance	0	0
Restructuring and impairment charges	0	0
Merger-related	0	0
Depreciation & amortization	0	0
Taxes other than income taxes	0	0
Total operating expenses	0	0
OPERATING INCOME	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0
Preferred stock dividends - FPL	0	0
Reserve for leveraged leases	0	0
Equity in earnings of equity method investments	0	39
Other-net	0	0
Total other deductions - net	0	39
INCOME BEFORE INCOME TAXES	0	39
INCOME TAXES	12	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(12)	39
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0
NET INCOME (LOSS)	(12)	39
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(1)	36
DEDUCT:
Dividends	0	0
Other	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($13)	$75

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					131
ASSETS	FPLE Pecos Wind I Consolidated	Elims	FPL Energy Pecos Wind I, LP	FPL Energy Pecos Wind II, LP	FPL Energy Pecos Wind I GP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$150	$0	$75	$75	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(12)	0	(6)	(6)	0
Total prop., plant and eqpt.-net	138	0	69	69	0
CURRENT ASSETS
Cash and cash equivalents	1	0	1	0	0
Customer receivables - net	1	0	1	0	0
Other receivables	(5)	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	(3)	0	2	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(140)	0	0	1
Other	0	0	0	0	0
Total other assets	0	(140)	0	0	1
TOTAL ASSETS	$135	($140)	$71	$69	$1
CAPITALIZATION
Common shareholders' equity	$109	($140)	$71	$68	$1
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	109	(140)	71	68	1
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	1	0	0	1	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	1	0	0	1	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	25	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	25	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$135	($140)	$71	$69	$1

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					132
INCOME STATEMENT	FPLE Pecos Wind I Consolidated	Elims	FPL Energy Pecos Wind I, LP	FPL Energy Pecos Wind II, LP	FPL Energy Pecos Wind I GP, LLC
OPERATING REVENUES	$8	$0	$4	$4	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	1	0	1	0	0
Other operations and maintenance	1	0	0	1	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	8	0	4	4	0
Taxes other than income taxes	2	0	2	0	0
Total operating expenses	12	0	7	5	0
OPERATING INCOME	(4)	0	(3)	(1)	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	5	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	5	0	0	0
INCOME BEFORE INCOME TAXES	(4)	5	(3)	(1)	0
INCOME TAXES	(7)	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	3	5	(3)	(1)	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	3	5	(3)	(1)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3	1	0	(1)	2
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$6	$6	($3)	($2)	$2

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)				133
ASSETS	FPL Energy Pecos Wind I LP, LLC	FPL Energy Pecos Wind II GP, LLC	FPL Energy Pecos Wind II LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0
Construction work in progress	0	0	0
Less accumulated depr. & amort.	0	0	0
Total prop., plant and eqpt.-net	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0
Customer receivables - net	0	0	0
Other receivables	(5)	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0
Deferred clause expenses	0	0	0
Other	0	0	0
Total current assets	(5)	0	0
OTHER ASSETS:
Special use funds	0	0	0
Other investments	70	1	68
Other	0	0	0
Total other assets	70	1	68
TOTAL ASSETS	$65	$1	$68
CAPITALIZATION
Common shareholders' equity	$40	$1	$68
Pref. stk. of FPL w/o sinking fund require.	0	0	0
Long-term debt	0	0	0
Total capitalization	40	1	68
CURRENT LIABILITIES
Commercial paper	0	0	0
Note payable	0	0	0
Current maturities of long-term debt	0	0	0
Accounts payable	0	0	0
Customers' deposits	0	0	0
Accrued interest and taxes	0	0	0
Deferred clause revenues	0	0	0
Other	0	0	0
Total current liabilities	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	25	0	0
Def. regulatory credit - income taxes	0	0	0
Unamortized investment tax credits	0	0	0
Storm and property insurance reserve	0	0	0
Other	0	0	0
Total other liab. & def. credits	25	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$65	$1	$68

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)				134
INCOME STATEMENT	FPL Energy Pecos Wind I LP, LLC	FPL Energy Pecos Wind II GP, LLC	FPL Energy Pecos Wind II LP, LLC
OPERATING REVENUES	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0
Other operations and maintenance	0	0	0
Restructuring and impairment charges	0	0	0
Merger-related	0	0	0
Depreciation & amortization	0	0	0
Taxes other than income taxes	0	0	0
Total operating expenses	0	0	0
OPERATING INCOME	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0
Preferred stock dividends - FPL	0	0	0
Reserve for leveraged leases	0	0	0
Equity in earnings of equity method investments	(3)	0	(2)
Other-net	0	0	0
Total other deductions - net	(3)	0	(2)
INCOME BEFORE INCOME TAXES	(3)	0	(2)
INCOME TAXES	(4)	0	(3)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	0	1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0
NET INCOME (LOSS)	1	0	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	2	(1)
DEDUCT:
Dividends	0	0	0
Other	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	$2	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					135
ASSETS	FPLE Rhode Island Consolidated	Elims	FPLE Rhode Island State Energy, L.P.	FPLE Rhode Island State Energy GP, Inc.	FPLE Rhode Island State Energy LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	28	0	0	0	28
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	17	0	0	0	17
Total current assets	45	0	0	0	45
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(1)	1	0	0
Other	0	0	0	0	0
Total other assets	0	(1)	1	0	0
TOTAL ASSETS	$45	($1)	$1	$0	$45
CAPITALIZATION
Common shareholders' equity	$1	($1)	$1	$0	$1
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	1	(1)	1	0	1
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	25	0	0	0	25
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	18	0	0	0	18
Total current liabilities	43	0	0	0	43
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	1	0	0	0	1
Total other liab. & def. credits	1	0	0	0	1
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$45	($1)	$1	$0	$45

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					136
INCOME STATEMENT	FPLE Rhode Island Consolidated	Elims	FPLE Rhode Island State Energy, L.P.	FPLE Rhode Island State Energy GP, Inc.	FPLE Rhode Island State Energy LP, LLC
OPERATING REVENUES	$33	$0	$0	$0	$33
OPERATING EXPENSES
Fuel, purchased power & interchange	26	0	0	0	26
Other operations and maintenance	6	0	0	0	6
Restructuring and impairment charges
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	32	0	0	0	32
OPERATING INCOME	1	0	0	0	1
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	(1)	1	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	(1)	1	0	0
INCOME BEFORE INCOME TAXES	1	(1)	1	0	1
INCOME TAXES	3	0	0	3	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(2)	(1)	1	(3)	1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	(2)	(1)	1	(3)	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($2)	($1)	$1	($3)	$1

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					137
ASSETS	South Dakota Consolidated	Elims	FPLE South Dakota Wind LLC	FPLE South Dakota Wind LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Other	0	0	0	0
Total other assets	0	0	0	0
TOTAL ASSETS	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$0	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	0	0	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					138
INCOME STATEMENT	South Dakota Consolidated	Elims	FPLE South Dakota Wind LLC	FPLE South Dakota Wind LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					139
ASSETS	Seabrook Consolidated	Elims	FPLE Seabrook LLC	FPLE Seabrook LLC - Plant
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$717	$0	$0	$717
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	16	0	0	16
Less accumulated depr. & amort.	(3)	0	0	(3)
Total prop., plant and eqpt.-net	730	0	0	730
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	3	0	0	3
Other receivables	66	0	1	65
Mat'ls., supplies & fossil fuel inv.	105	0	0	105
Deferred clause expenses	0	0	0	0
Other	24	0	0	24
Total current assets	198	0	1	197
OTHER ASSETS:
Special use funds	229	0	0	229
Other investments	(229)	(945)	945	(229)
Other	238	0	0	238
Total other assets	238	(945)	945	238
TOTAL ASSETS	$1,166	($945)	$946	$1,165
CAPITALIZATION
Common shareholders' equity	$976	($945)	$953	$968
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	976	(945)	953	968
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	26	0	0	26
Total current liabilities	26	0	0	26
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(7)	0	(7)	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	171	0	0	171
Total other liab. & def. credits	164	0	(7)	171
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1,166	($945)	$946	$1,165

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					140
INCOME STATEMENT	Seabrook Consolidated	Elims	FPLE Seabrook LLC	FPLE Seabrook LLC - Plant
OPERATING REVENUES	$63	$0	$1	$62
OPERATING EXPENSES
Fuel, purchased power & interchange	6	0	0	6
Other operations and maintenance	28	0	2	26
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	5	0	0	5
Taxes other than income taxes	3	0	0	3
Total operating expenses	42	0	2	40
OPERATING INCOME	21	0	(1)	22
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	1	0	0	1
Total other deductions - net	1	0	0	1
INCOME BEFORE INCOME TAXES	22	0	(1)	23
INCOME TAXES	7	0	7	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	15	0	(8)	23
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	15	0	(8)	23
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$15	$0	($8)	$23

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					141
ASSETS	Stateline Consolidated	Elims	Stateline Power Project	FPL Energy Vansycle LLC	FPL Energy Vansycle LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$284	$0	$0	$284	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	4	0	0	4	0
Less accumulated depr. & amort.	(15)	0	0	(15)	0
Total prop., plant and eqpt.-net	273	0	0	273	0
CURRENT ASSETS
Cash and cash equivalents	1	0	0	1	0
Customer receivables - net	1	0	0	1	0
Other receivables	(8)	0	(8)	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	(6)	0	(8)	2	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(263)	263	0	0
Other	0	0	0	0	0
Total other assets	0	(263)	263	0	0
TOTAL ASSETS	$267	($263)	$255	$275	$0
CAPITALIZATION
Common shareholders' equity	$211	($263)	$211	$263	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	211	(263)	211	263	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	2	0	0	2	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	10	0	0	10	0
Total current liabilities	12	0	0	12	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	44	0	44	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	44	0	44	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$267	($263)	$255	$275	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					142
INCOME STATEMENT	Stateline Consolidated	Elims	Stateline Power Project	FPL Energy Vansycle LLC	FPL Energy Vansycle LLC
OPERATING REVENUES	$13	$0	$0	$13	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	5	0	0	5	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	12	0	0	12	0
Taxes other than income taxes	2	0	0	2	0
Total operating expenses	19	0	0	19	0
OPERATING INCOME	(6)	0	0	(6)	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	5	(5)	0	0
Other-net	1	0	0	1	0
Total other deductions - net	1	5	(5)	1	0
INCOME BEFORE INCOME TAXES	(5)	5	(5)	(5)	0
INCOME TAXES	(12)	0	(12)	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	7	5	7	(5)	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	7	5	7	(5)	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	2	1	2	(1)	0
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$9	$6	$9	($6)	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					143
ASSETS	Unita County Consolidated	Elims	Unita County Holdings	Unita County Holdings LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	0
Other	0	0	0	0
Total other assets	0	0	0	0
TOTAL ASSETS	$0	$0	$0	$0
CAPITALIZATION
Common shareholders' equity	$0	$0	$0	$0
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	0	0	0	0
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$0	$0	$0

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					144
INCOME STATEMENT	Unita County Consolidated	Elims	Unita County Holdings	Unita County Holdings LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	0	0	0	0
Total other deductions - net	0	0	0	0
INCOME BEFORE INCOME TAXES	0	0	0	0
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	0	0	0
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	0	0	0
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	$0	$0	$0

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					145
ASSETS	Upton Wind Consolidated	Elims	FPL Energy Upton Wind I LP	FPL Energy Upton Wind II LP	FPL Energy Upton Wind III LP
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$284	$0	$81	$81	$81
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(17)	0	(6)	(5)	(4)
Total prop., plant and eqpt.-net	267	0	75	76	77
CURRENT ASSETS
Cash and cash equivalents	4	0	4	0	0
Customer receivables - net	1	0	1	0	0
Other receivables	(9)	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	(4)	0	5	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(273)	0	0	0
Other	7	0	3	2	1
Total other assets	7	(273)	3	2	1
TOTAL ASSETS	$270	($273)	$83	$78	$78
CAPITALIZATION
Common shareholders' equity	$214	($273)	$78	$78	$78
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	214	(273)	78	78	78
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	4	0	4	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	1	0	1	0	0
Total current liabilities	5	0	5	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	51	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	51	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$270	($273)	$83	$78	$78

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					146
INCOME STATEMENT	Upton Wind Consolidated	Elims	FPL Energy Upton Wind I LP	FPL Energy Upton Wind II LP	FPL Energy Upton Wind III LP
OPERATING REVENUES	$14	$0	$2	$5	$5
OPERATING EXPENSES
Fuel, purchased power & interchange	2	0	1	0	1
Other operations and maintenance	6	0	1	2	2
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	15	0	5	4	4
Taxes other than income taxes	1	0	0	1	0
Total operating expenses	24	0	7	7	7
OPERATING INCOME	(10)	0	(5)	(2)	(2)
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	10	0	0	0
Other-net	0	0	0	0	0
Total other deductions - net	0	10	0	0	0
INCOME BEFORE INCOME TAXES	(10)	10	(5)	(2)	(2)
INCOME TAXES	(11)	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	10	(5)	(2)	(2)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	1	10	(5)	(2)	(2)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	(1)	0	(1)
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$1	$10	($6)	($2)	($3)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					147
ASSETS	FPL Energy Upton Wind IV LP	FPL Energy Upton Wind I GP, LLC	FPL Energy Upton Wind I LP, LLC	FPL Energy Upton Wind II GP, LLC	FPL Energy Upton Wind II LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$41	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(2)	0	0	0	0
Total prop., plant and eqpt.-net	39	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	0	(9)	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	(9)	0	0
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	1	77	1	77
Other	1	0	0	0	0
Total other assets	1	1	77	1	77
TOTAL ASSETS	$40	$1	$68	$1	$77
CAPITALIZATION
Common shareholders' equity	$40	$1	$17	$1	$77
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	40	1	17	1	77
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	51	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	0	0	51	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$40	$1	$68	$1	$77

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					148
INCOME STATEMENT	FPL Energy Upton Wind IV LP	FPL Energy Upton Wind I GP, LLC	FPL Energy Upton Wind I LP, LLC	FPL Energy Upton Wind II GP, LLC	FPL Energy Upton Wind II LP, LLC
OPERATING REVENUES	$2	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	1	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	2	0	0	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	3	0	0	0	0
OPERATING INCOME	(1)	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	0	(5)	0	(2)
Other-net	0	0	0	0	0
Total other deductions - net	0	0	(5)	0	(2)
INCOME BEFORE INCOME TAXES	(1)	0	(5)	0	(2)
INCOME TAXES	0	0	(11)	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(1)	0	6	0	(2)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	(1)	0	6	0	(2)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	0	0	0	1
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($1)	$0	$6	$0	($1)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					149
ASSETS	FPL Energy Upton Wind III GP, LLC	FPL Energy Upton Wind III LP, LLC	FPL Energy Upton Wind IV GP, LLC	FPL Energy Upton Wind IV LP, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	0
Less accumulated depr. & amort.	0	0	0	0
Total prop., plant and eqpt.-net	0	0	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	0	0	0	0
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	0	0	0	0
Total current assets	0	0	0	0
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	1	77	0	39
Other	0	0	0	0
Total other assets	1	77	0	39
TOTAL ASSETS	$1	$77	$0	$39
CAPITALIZATION
Common shareholders' equity	$1	$77	$0	$39
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	1	77	0	39
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	0
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	0	0	0
Total current liabilities	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	0
Total other liab. & def. credits	0	0	0	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1	$77	$0	$39

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					150
INCOME STATEMENT	FPL Energy Upton Wind III GP, LLC	FPL Energy Upton Wind III LP, LLC	FPL Energy Upton Wind IV GP, LLC	FPL Energy Upton Wind IV LP, LLC
OPERATING REVENUES	$0	$0	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0
Other operations and maintenance	0	0	0	0
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	0
Taxes other than income taxes	0	0	0	0
Total operating expenses	0	0	0	0
OPERATING INCOME	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	(2)	0	(1)
Other-net	0	0	0	0
Total other deductions - net	0	(2)	0	(1)
INCOME BEFORE INCOME TAXES	0	(2)	0	(1)
INCOME TAXES	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	(2)	0	(1)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0
NET INCOME (LOSS)	0	(2)	0	(1)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	1	0	0
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	($1)	$0	($1)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					151
ASSETS	Vansycle Consolidated	Elims	ESI Vansycle Partners LP	ESI Vansycle GP Inc.	ESI Vansycle LP Inc.
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$28	$0	$28	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(6)	0	(6)	0	0
Total prop., plant and eqpt.-net	22	0	22	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	1	0	0
Other receivables	(1)	0	0	0	(1)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	0	0	1	0	(1)
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(23)	0	0	23
Other	0	0	0	0	0
Total other assets	0	(23)	0	0	23
TOTAL ASSETS	$22	($23)	$23	$0	$22
CAPITALIZATION
Common shareholders' equity	$15	($23)	$23	$0	$15
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	15	(23)	23	0	15
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	0	0	0	0
Total current liabilities	0	0	0	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	7	0	0	0	7
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	7	0	0	0	7
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$22	($23)	$23	$0	$22

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					152
INCOME STATEMENT	Vansycle Consolidated	Elims	ESI Vansycle Partners LP	ESI Vansycle GP Inc.	ESI Vansycle LP Inc.
OPERATING REVENUES	$4	$0	$4	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	2	0	2	0	0
Taxes other than income taxes	0	0	0	0	0
Total operating expenses	2	0	2	0	0
OPERATING INCOME	2	0	2	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	(1)	0	0	1
Other-net	(1)	(1)	0	0	0
Total other deductions - net	(1)	(2)	0	0	1
INCOME BEFORE INCOME TAXES	1	(2)	2	0	1
INCOME TAXES	(1)	0	0	0	(1)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	2	(2)	2	0	2
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	2	(2)	2	0	2
RET. EARNINGS (DEF.) AT BEG. OF YEAR	6	(4)	4	0	6
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$8	($6)	$6	$0	$8

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					153
ASSETS	West Texas Consolidated	Elims	West Texas Wind Energy Partners, LP	ESI West Texas Energy Inc.	ESI West Texas Energy LP LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$77	$0	$77	$0	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	0
Less accumulated depr. & amort.	(14)	0	(14)	0	0
Total prop., plant and eqpt.-net	63	0	63	0	0
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0	0
Customer receivables - net	1	0	1	0	0
Other receivables	(3)	0	0	0	(3)
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	0
Total current assets	(2)	0	1	0	(3)
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	(25)	0	0	25
Other	0	0	0	0	0
Total other assets	0	(25)	0	0	25
TOTAL ASSETS	$61	($25)	$64	$0	$22
CAPITALIZATION
Common shareholders' equity	$3	($25)	$25	$0	$3
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	36	0	36	0	0
Total capitalization	39	(25)	61	0	3
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	0	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	3	0	3	0	0
Total current liabilities	3	0	3	0	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	19	0	0	0	19
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	0
Total other liab. & def. credits	19	0	0	0	19
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$61	($25)	$64	$0	$22

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					154
INCOME STATEMENT	West Texas Consolidated	Elims	West Texas Wind Energy Partners, LP	ESI West Texas Energy Inc.	ESI West Texas Energy LP LLC
OPERATING REVENUES	$6	$0	$6	$0	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	0	0
Other operations and maintenance	0	0	0	0	0
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	4	0	4	0	0
Taxes other than income taxes	2	0	2	0	0
Total operating expenses	6	0	6	0	0
OPERATING INCOME	0	0	0	0	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(3)	0	(3)	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	3	0	0	(3)
Other-net	0	0	0	0	0
Total other deductions - net	(3)	3	(3)	0	(3)
INCOME BEFORE INCOME TAXES	(3)	3	(3)	0	(3)
INCOME TAXES	(4)	0	0	0	(4)
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	1	3	(3)	0	1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES	0	0	0	0	0
NET INCOME (LOSS)	1	3	(3)	0	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	3	7	(6)	(2)	4
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$4	$10	($9)	($2)	$5

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					155
ASSETS	FPL Energy LLC Consolidated	Elims	FPL Energy, LLC	FPL Energy Power Marketing, Inc.	BAC Investments
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$447	$0	$72	$2	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	125	0	118	0	0
Less accumulated depr. & amort.	(44)	0	(5)	0	0
Total prop., plant and eqpt.-net	528	0	185	2	0
CURRENT ASSETS
Cash and cash equivalents	(11)	0	(20)	10	0
Customer receivables - net	88	0	(5)	91	0
Other receivables	86	(34)	44	39	5
Mat'ls., supplies & fossil fuel inv.	3	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	81	0	4	71	0
Total current assets	247	(34)	23	211	5
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	4,122	(686)	4,724	0	80
Other	41	0	25	15	0
Total other assets	4,163	(686)	4,749	15	80
TOTAL ASSETS	$4,938	($720)	$4,957	$228	$85
CAPITALIZATION
Common shareholders' equity	$4,734	($686)	$4,906	($44)	$85
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	4,734	(686)	4,906	(44)	85
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	53	0	0	49	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	3	2	1	0	0
Deferred clause revenues	0	0	0	0	0
Other	235	(36)	50	211	0
Total current liabilities	291	(34)	51	260	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(118)	0	0	3	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	31	0	0	9	0
Total other liab. & def. credits	(87)	0	0	12	0
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$4,938	($720)	$4,957	$228	$85

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					156
INCOME STATEMENT	FPL Energy LLC Consolidated	Elims	FPL Energy, LLC	FPL Energy Power Marketing, Inc.	BAC Investments
OPERATING REVENUES	$1,388	($474)	$0	$1,578	$0
OPERATING EXPENSES
Fuel, purchased power & interchange	1,290	(470)	0	1,569	0
Other operations and maintenance	119	(3)	58	22	0
Restructuring and impairment charges	103	0	102	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	14	0	3	0	0
Taxes other than income taxes	7	0	0	3	0
Total operating expenses	1,533	(473)	163	1,594	0
OPERATING INCOME	(145)	(1)	(163)	(16)	0
OTHER INCOME (DEDUCTIONS):
Interest charges	(55)	0	(55)	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	(15)	0	(15)	0	0
Other-net	27	1	17	10	6
Total other deductions - net	(43)	1	(53)	10	6
INCOME BEFORE INCOME TAXES	(188)	0	(216)	(6)	6
INCOME TAXES	(81)	0	(96)	2	2
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(107)	0	(120)	(8)	4
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($128)	(200)	0	0	0	0
NET INCOME (LOSS)	(307)	0	(120)	(8)	4
RET. EARNINGS (DEF.) AT BEG. OF YEAR	(193)	0	(209)	(19)	14
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($500)	$0	($329)	($27)	$18

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					157
ASSETS	Square Lake Holdings	FPL Energy Project Management, Inc.	Blythe Project Management Consolidated	Maine Final Consolidated
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$0	$0	$0	$373
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	0	0	0	7
Less accumulated depr. & amort.	0	0	0	(39)
Total prop., plant and eqpt.-net	0	0	0	341
CURRENT ASSETS
Cash and cash equivalents	0	0	0	(1)
Customer receivables - net	0	0	0	2
Other receivables	0	1	0	31
Mat'ls., supplies & fossil fuel inv.	0	0	0	3
Deferred clause expenses	0	0	0	0
Other	0	0	0	6
Total current assets	0	1	0	41
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	0	0	0	4
Other	0	0	0	1
Total other assets	0	0	0	5
TOTAL ASSETS	$0	$1	$0	$387
CAPITALIZATION
Common shareholders' equity	$0	($1)	$0	$474
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	0	(1)	0	474
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	0	0	0	4
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	0	2	0	8
Total current liabilities	0	2	0	12
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	(121)
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	0	0	0	22
Total other liab. & def. credits	0	0	0	(99)
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$0	$1	$0	$387

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					158
INCOME STATEMENT	Square Lake Holdings	FPL Energy Project Management, Inc.	Blythe Project Management Consolidated	Maine Final Consolidated
OPERATING REVENUES	$0	$1	$0	$283
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	0	191
Other operations and maintenance	0	6	0	36
Restructuring and impairment charges	0	1	0	0
Merger-related	0	0	0	0
Depreciation & amortization	0	0	0	11
Taxes other than income taxes	0	0	0	4
Total operating expenses	0	7	0	242
OPERATING INCOME	0	(6)	0	41
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	(3)	(2)	0	(2)
Total other deductions - net	(3)	(2)	0	(2)
INCOME BEFORE INCOME TAXES	(3)	(8)	0	39
INCOME TAXES	(2)	(3)	0	16
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(1)	(5)	0	23
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($128)	0	0	0	(200)
NET INCOME (LOSS)	(1)	(5)	0	(177)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	(7)	0	28
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($1)	($12)	$0	($149)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					159
ASSETS	Maine Final Consolidated	Elims	FPL Energy Wyman, LLC	FPL Energy Wyman IV, LLC	FPL Energy Mason, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$373	$0	$39	$74	$0
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	7	0	1	2	0
Less accumulated depr. & amort.	(39)	0	(7)	(14)	0
Total prop., plant and eqpt.-net	341	0	33	62	0
CURRENT ASSETS
Cash and cash equivalents	(1)	0	0	0	0
Customer receivables - net	2	0	0	2	0
Other receivables	31	1	1	4	0
Mat'ls., supplies & fossil fuel inv.	3	0	0	2	1
Deferred clause expenses	0	0	0	0	0
Other	6	0	0	4	0
Total current assets	41	1	1	12	1
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	4	(315)	0	0	0
Other	1	0	0	0	0
Total other assets	5	(315)	0	0	0
TOTAL ASSETS	$387	($314)	$34	$74	$1
CAPITALIZATION
Common shareholders' equity	$474	($315)	$29	$69	($14)
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	474	(315)	29	69	(14)
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	4	0	3	0	0
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	1	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	8	0	0	4	0
Total current liabilities	12	1	3	4	0
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	(121)	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	22	0	2	1	15
Total other liab. & def. credits	(99)	0	2	1	15
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$387	($314)	$34	$74	$1

CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					160
INCOME STATEMENT	Maine Final Consolidated	Elims	FPL Energy Wyman, LLC	FPL Energy Wyman IV, LLC	FPL Energy Mason, LLC
OPERATING REVENUES	$283	$0	$11	$22	$3
OPERATING EXPENSES
Fuel, purchased power & interchange	191	0	4	9	0
Other operations and maintenance	36	0	4	7	2
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	11	0	2	4	0
Taxes other than income taxes	4	0	1	2	0
Total operating expenses	242	0	11	22	2
OPERATING INCOME	41	0	0	0	1
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	298	0	0	0
Other-net	(2)	0	(2)	(3)	0
Total other deductions - net	(2)	298	(2)	(3)	0
INCOME BEFORE INCOME TAXES	39	298	(2)	(3)	1
INCOME TAXES	16	0	0	0	0
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	23	298	(2)	(3)	1
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($128)	(200)	0	0	0	0
NET INCOME (LOSS)	(177)	298	(2)	(3)	1
RET. EARNINGS (DEF.) AT BEG. OF YEAR	28	0	(31)	(70)	7
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($149)	$298	($33)	($73)	$8

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					161
ASSETS	FPL Energy Cape, LLC	FPL Energy Maine, Inc.	FPL Energy Maine Operating Services, LLC	FPL Energy Spruce Point, LLC	Maine 1 Consol
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$1	$0	$0	$0	$259
Nuclear fuel under capital lease - net	0	0	0	0	0
Construction work in progress	0	0	0	0	4
Less accumulated depr. & amort.	0	0	0	0	(18)
Total prop., plant and eqpt.-net	1	0	0	0	245
CURRENT ASSETS
Cash and cash equivalents	0	(1)	0	0	0
Customer receivables - net	0	0	0	0	0
Other receivables	0	24	0	0	1
Mat'ls., supplies & fossil fuel inv.	0	0	0	0	0
Deferred clause expenses	0	0	0	0	0
Other	0	0	0	0	2
Total current assets	0	23	0	0	3
OTHER ASSETS:
Special use funds	0	0	0	0	0
Other investments	0	315	0	0	4
Other	0	1	0	0	0
Total other assets	0	316	0	0	4
TOTAL ASSETS	$1	$339	$0	$0	$252
CAPITALIZATION
Common shareholders' equity	$1	$460	($1)	$0	$245
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0	0
Long-term debt	0	0	0	0	0
Total capitalization	1	460	(1)	0	245
CURRENT LIABILITIES
Commercial paper	0	0	0	0	0
Note payable	0	0	0	0	0
Current maturities of long-term debt	0	0	0	0	0
Accounts payable	0	0	0	0	1
Customers' deposits	0	0	0	0	0
Accrued interest and taxes	0	(1)	0	0	0
Deferred clause revenues	0	0	0	0	0
Other	0	1	1	0	2
Total current liabilities	0	0	1	0	3
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	(121)	0	0	0
Def. regulatory credit - income taxes	0	0	0	0	0
Unamortized investment tax credits	0	0	0	0	0
Storm and property insurance reserve	0	0	0	0	0
Other	0	0	0	0	4
Total other liab. & def. credits	0	(121)	0	0	4
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$1	$339	$0	$0	$252

CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					162
INCOME STATEMENT	FPL Energy Cape, LLC	FPL Energy Maine, Inc.	FPL Energy Maine Operating Services, LLC	FPL Energy Spruce Point, LLC	Maine 1 Consol
OPERATING REVENUES	$1	$188	$0	$0	$58
OPERATING EXPENSES
Fuel, purchased power & interchange	0	178	0	0	0
Other operations and maintenance	1	3	0	0	19
Restructuring and impairment charges	0	0	0	0	0
Merger-related	0	0	0	0	0
Depreciation & amortization	0	0	0	0	5
Taxes other than income taxes	0	0	0	0	1
Total operating expenses	1	181	0	0	25
OPERATING INCOME	0	7	0	0	33
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0	0
Reserve for leveraged leases	0	0	0	0	0
Equity in earnings of equity method investments	0	(298)	0	0	0
Other-net	0	2	0	0	1
Total other deductions - net	0	(296)	0	0	1
INCOME BEFORE INCOME TAXES	0	(289)	0	0	34
INCOME TAXES	0	(112)	0	0	128
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	0	(177)	0	0	(94)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($128)	0	0	0	0	(200)
NET INCOME (LOSS)	0	(177)	0	0	(294)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	0	13	(2)	0	111
DEDUCT:
Dividends	0	0	0	0	0
Other	0	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	$0	($164)	($2)	$0	($183)

FPL ENERGY, LLC AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2002 ($ Millions)					163
ASSETS	Maine 1 Consol	Elims	Kennebec Hydro Resources, Inc.	FPLE Maine Hydro, LLC
PROPERTY, PLANT AND EQUIPMENT
Elec. utility plant in ser. & other property	$259	$0	$0	$259
Nuclear fuel under capital lease - net	0	0	0	0
Construction work in progress	4	0	0	4
Less accumulated depr. & amort.	(18)	0	0	(18)
Total prop., plant and eqpt.-net	245	0	0	245
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Customer receivables - net	0	0	0	0
Other receivables	1	0	0	1
Mat'ls., supplies & fossil fuel inv.	0	0	0	0
Deferred clause expenses	0	0	0	0
Other	2	0	0	2
Total current assets	3	0	0	3
OTHER ASSETS:
Special use funds	0	0	0	0
Other investments	4	6	0	(2)
Other	0	0	0	0
Total other assets	4	6	0	(2)
TOTAL ASSETS	$252	$6	$0	$246
CAPITALIZATION
Common shareholders' equity	$245	$6	$0	$239
Pref. stk. of FPL w/o sinking fund require.	0	0	0	0
Long-term debt	0	0	0	0
Total capitalization	245	6	0	239
CURRENT LIABILITIES
Commercial paper	0	0	0	0
Note payable	0	0	0	0
Current maturities of long-term debt	0	0	0	0
Accounts payable	1	0	0	1
Customers' deposits	0	0	0	0
Accrued interest and taxes	0	0	0	0
Deferred clause revenues	0	0	0	0
Other	2	0	0	2
Total current liabilities	3	0	0	3
OTHER LIABILITIES AND DEFERRED CREDITS
Accumulated deferred income taxes	0	0	0	0
Def. regulatory credit - income taxes	0	0	0	0
Unamortized investment tax credits	0	0	0	0
Storm and property insurance reserve	0	0	0	0
Other	4	0	0	4
Total other liab. & def. credits	4	0	0	4
COMMITMENTS AND CONTINGENCIES
TOTAL CAPITALIZATION AND LIABILITIES	$252	$6	$0	$246

CONSOLIDATING STATEMENTS OF INCOME AND RETAINED EARNINGS DECEMBER 31, 2002 ($ Millions)					164
INCOME STATEMENT	Maine 1 Consol	Elims	Kennebec Hydro Resources, Inc.	FPLE Maine Hydro, LLC
OPERATING REVENUES	$58	$0	$0	$58
OPERATING EXPENSES
Fuel, purchased power & interchange	0	0	(1)	1
Other operations and maintenance	19	0	0	19
Restructuring and impairment charges	0	0	0	0
Merger-related	0	0	0	0
Depreciation & amortization	5	0	0	5
Taxes other than income taxes	1	0	0	1
Total operating expenses	25	0	(1)	26
OPERATING INCOME	33	0	1	32
OTHER INCOME (DEDUCTIONS):
Interest charges	0	0	0	0
Preferred stock dividends - FPL	0	0	0	0
Reserve for leveraged leases	0	0	0	0
Equity in earnings of equity method investments	0	0	0	0
Other-net	1	0	0	1
Total other deductions - net	1	0	0	1
INCOME BEFORE INCOME TAXES	34	0	1	33
INCOME TAXES	128	0	0	128
INCOME BEFORE CUMULATIVE EFFECT OF A CHANGE
IN ACCOUNTING PRINCIPLE	(94)	0	1	(95)
CUM. EFFECT OF ADOPTING FAS 142, "GOODWILL AND
OTHER INTANG. ASSETS," NET OF INC. TAXES OF ($128)	(200)	0	0	(200)
NET INCOME (LOSS)	(294)	0	1	(295)
RET. EARNINGS (DEF.) AT BEG. OF YEAR	111	0	5	106
DEDUCT:
Dividends	0	0	0	0
Other	0	0	0	0
RET. EARNINGS (DEF.) AT END OF YEAR	($183)	$0	$6	($189)